Egypt raises natural gas prices for industrial sectors
Egypt raised industrial natural gas prices to reduce subsidies under an IMF program. The move comes as energy import costs rise due to regional conflict.
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Egypt raised Natural Gas prices for heavy industries by an average of $2 per million British thermal units. The move follows a 17% domestic fuel price hike in March under an $8 billion IMF program. Investors face higher production costs as Egypt offsets import bills that tripled during regional conflict.
