A gas station attendant pumps fuel into a customer's car at a gas station in Shanghai, China November 17, 2017. REUTERS/Aly Song
CAIRO - 10 May 2020: Egypt’s spending on fuel subsidies dropped by about 65 percent to LE 21 billion ($1.34 billion) in July-March, a petroleum ministry official told Reuters on Sunday.
Egypt spent LE 60.1 billion on fuel subsidies in the same period a year earlier. Over the past three years, Egypt has phased out subsidies on most fuel products as part of an IMF-backed economic reform programme. ($1 = 15.6900 Egyptian pounds)