Pre-Trading Thoughts
*Key news articles for today* The government is expected to raise fuel prices in April as it works to phase out fuel subsidies. The anticipated move is part of the government’s plan to have energy prices reach cost recovery levels by the end of the year. The committee is expected to raise prices by EGP1-1.25 to narrow the gap between selling prices and production costs, the source said. Diesel is set to continue to be sold at a subsidized price, while butane gas cylinders will also con...
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