IMF expert lauds decision reducing fuel products prices in Egypt

WASHINGTON - 4 October 2019: International Monetary Fund expert (IMF) Subir Lall on Friday lauded a decision by the Egyptian fuel automatic pricing committee to reduce fuel products by 25 piasters.

In press statements, he noted that amending the prices of fuel products in Egypt comes in accordance with the mechanism of automatic pricing that was announced in July.

The mechanism allows for increasing or decreasing some fuel products every three months, he added.