Egyptians hit by drastic rise in fuel price


Al Jazeera English

Published on Jul 5, 2014

Egypt raised mainstream fuel prices by up to 78 percent, following on a promise to cut subsidies that eat up nearly a quarter of the government’s budget.The price increases were in effect as of Friday midnight. The decision follows Cabinet approval this week after it amended the budget to reduce a staggering deficit.Al Jazeera’s Osama Bin Javaid reports.Subscribe to our channel http://bit.ly/AJSubscribeFollow us on Twitter https://twitter.com/AJEnglishFind us on Facebook https://www.facebook.com/aljazeeraCheck our website http://www.aljazeera.com/

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