(MENAFN - Daily News Egypt) The deputy of the Energy Committee in the House of Representatives, El Sayed Hegazy said that the government assured the Committee that there is no trend to raise fuel prices during the current period, with only the increase during the current fiscal year and past. The commissioner added that fuel prices may be raised before the end of the current fiscal year as part of the economic reforms undertaken by Egypt to obtain a loan of $12bn from the International Monetary Fund (IMF), while in the Q2 and Q3 of the current fiscal year there is no trend to increase. But the Member of the Parliament (MP) Talaat Khalil, a member of the plan and budget committee, said that there is a trend of new increases in fuel prices during the current year and the government is hiding this for citizens. He added that the government aims to have a complete liberalization of fuel prices by the end of the current fiscal year in conjunction with an IMF loan of $12bn. Khalil intends to re-submit an interview against the government of the current Prime Minister Sherif Ismail to raise confidence in the House of Representatives because of the rapid economic decisions taken during the past period, which led to high prices have severely affected the Egyptian citizen and raised the proportion of the poor to more than 27%MENAFN0811201701530000ID1096054536

Source: Daily News Egypt November 07, 2017 21:56 UTC