Following two waves of fuel hikes, Egypt’s middle-class succumb to austerity - News Summed Up

Following two waves of fuel hikes, Egypt’s middle-class succumb to austerity


Raising fuel prices is bound to boost the surging discontent over the austerity policies launched by President Abdel Fattah al-Sisi. Abdel Sattar, a young man who considers himself a part of the middle class, earns a base salary of LE4000 per month. “I think I’m going to have to start reducing my consumption or asking clients to meet at the office, so I’d save my money,” Abdel Sattar said. “I agreed with a taxi driver to take me to work, in return for LE800 per month,” Atta explained. Egyptians, for the most part, heavily depend on the daily usage of their cars, however, with the recent fuel hike, citizens are trying to find other ways to get by that won’t waste their wages.


Source: Egypt Independent July 05, 2017 11:59 UTC



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