Egypt to start rationing subsidized fuel in July

[riky]

Egypt to start rationing subsidized fuel in July

CAIRO (Reuters) - Egypt will implement its delayed plans to ration subsidized fuel through a system of smart cards at the beginning of July, the country's minister of petroleum and mineral resources said on Monday. Egypt's government is in the process of reforming subsidies in order to cut its budget deficit and secure a $4.8 billion loan from the International Monetary Fund, which is crucial to support its ailing economy. ...

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