Egypt to begin rationing fuel subsidies in July

19 February 2013

Fuel smart card system was initially scheduled for introduction in April

Egypt’s Minister of Petroleum and Mineral Resources has confirmed the country will commence fuel subsidy rations in July.

Speaking on Egyptian television channel CBC, Osama Kamal revealed the introduction of a rations programme involving a fuel smart card system. The programme was initially slated for launch in April to coincide with parliamentary elections.

Reducing fuel subsidies has become a major priority for the government of Mohamed Mursi, which is intent on reducing the country’s escalating budget deficit in a bid to secure a $4.8bn loan from the Washington-headquartered IMF.

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