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Arab Finance – Madbouly: We are forced to gradually increase fuel prices until the end of 2025


Madbouly: We are forced to gradually increase fuel prices until the end of 2025

Arab Finance: Dr. Mustafa Madbouly, Prime Minister, made television statements during his visit to Minya Governorate, at the beginning of which he indicated that his visit to Minya is the second field visit in the Upper Egypt governorates during this time after the visit to Luxor, pointing out that it is possible to start talking about the impact of the projects. Starting with the road to reach Minya, which today took only about two or two and a half hours, while 5 or 6 years ago it took about 4 or 5 hours to reach it. Therefore, the road network that was implemented answers any questions or skepticism about its importance. And the extent of its priority, considering that the matter does not stop at reaching the governorate only, but extends to the ability of investment to access it more quickly and easily, thus providing a greater opportunity for employment in the industrial areas in Minya, and thus providing more job opportunities for the people of Upper Egypt.

Dr. Mostafa Madbouly confirmed that he had followed the reactions yet Increases in fuelHe reminded the audience that he had spoken about this topic previously, and explained the extent of the burdens that the state has borne and is bearing as a result of the massive increases in the prices of petroleum products and fuel, which the state has borne largely to secure additional resources, to ensure that electricity will not be interrupted again.

He added that he had previously spoken very clearly that we are forced to gradually increase fuel prices until the end of 2025, and therefore we are taking our steps in light of that, indicating that the important point that he wants to emphasize is that, in coordination with the Minister of Petroleum and according to studies conducted by the government, it is related to targeting control Inflation: It was agreed with the announcement of the latest increase that there would not be another increase during the next six months, in order to achieve some kind of stability and reduce inflation in the coming period.

The Prime Minister stressed that the state is fully aware of the impact of rising prices on the citizen, and that no government wants to increase prices, but the government resorts to this within the framework of studying the system, and based on awareness of the size of the large financial burden that the state and the government bear, noting that the state is keen to bear the part The greatest burden on the citizen.

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