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Egypt says subsidising fuel won't raise prices
- Egypt: Tuesday, March 05 - 2013 at 05:37
Egyptian oil minister Osama Kamal has said the introduction of rationing 'smart cards' will not lead to raising the prices of subsidised fuel, Mena has reported. "Prices outside of the specified subsidised quotas will be decided upon implementation of the new system", said Kamel. The quotas, which will be implemented through a card system guaranteeing drivers a specific amount of subsidised fuel, are due to start in April.
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