2024-06-03 14:26:18
The Egyptian authorities is making ready for a brand new enhance within the costs of electrical energy strips, along with a brand new meals commodity, days after shifting the costs of backed bread.
Based on the Al-Masry Al-Youm web site, “The Egyptian Electrical energy Holding Firm is anticipated to start implementing the brand new will increase in electrical energy segments within the invoice for subsequent July, which can be collected in August 2024 after the implementation of the brand new costs is accredited.”
The knowledge indicated that “the brand new will increase will vary from 30 to 35% on the costs of family consumption segments, whereas exceeding 40% for the industrial sector, because of the financial burdens incurred by the Ministry of Electrical energy in order that it may possibly pay its obligations and the dues of the Ministry of Petroleum.”
The knowledge indicated that “the brand new slides can be offered to the Council of Ministers to specific a last opinion on them, whether or not by approving, amending, or rejecting them fully.”
The Ministry of Electrical energy in Egypt “accredited a rise within the consumption tariff for electrical energy strips initially of final January 2024, by a fee ranging between 16 and 26% for all subscribers.”
Economists anticipate that the rise in electrical energy costs will increase inflationary pressures.
On this context, the Egyptian authorities can also be shifting, throughout the framework of a plan to progressively elevate subsidies, to lift the value of rationing sugar from 12.6 kilos ($0.27) to 18 kilos ($0.38) per kilogram, based on what the Egyptian Minister of Provide, Ali Al-Moselhi, introduced, and the federal government had taken the choice to maneuver the subsidy to the value of bread. From 5 piasters to twenty piasters.
Counsel a correction
2024-06-03 14:26:18