September 27, 2017 / 10:49 AM / in a year

Egypt will not raise fuel prices this fiscal year -minister

CAIRO, Sept 27 (Reuters) - Egypt will not hike prices on fuel products during the current fiscal year that began in July, Finance Minister Amr El Garhy said on Wednesday.

In a review of Egypt’s $12 billion International Monetary Fund loan programme, the IMF said on Tuesday that reforms were on track but that it had granted waivers for certain targets in June, including for the country’s fuel subsidy bill.

Reporting by Momen Abdelkhalek; Writing by Eric Knecht; Editing by Ahmed Aboulenein

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