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Egypt raises fuel import budget to meet demand
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Egypt raises fuel import budget to meet demand
Egypt has increased its fuel import budget by almost 40 percent for the 2026-2027 fiscal year, amid higher global prices driven by the Iran war. The government has allocated $5.5 billion to secure supplies of gasoline, diesel and LPG, Asharq Business reported, quoting an unidentified government official. The Egyptian fiscal year begins on July 1. Cairo plans to import 2.22 million tonnes of diesel for $2 billion and 1.65 million tonnes of LPG fo…
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