Egypt lowers fuel prices after protests
Egypt lowered fuel prices yesterday, the oil ministry said, following several rounds of price hikes as part of an austerity programme that have triggered discontent. The move comes a week after rare protests broke out in Cairo and other cities across Egypt calling for the removal of President Abdel Fattah al-Sisi. Egypt has raised fuel prices several times as part of subsidy cuts under ambitious but tough economic reforms since general-turned-president Sisi took office in 2014.
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