No new increase in fuel prices during 2017-2018
No new increase in fuel prices
Cairo - MENA
The Cabinet's Information and Decision Support Center (IDSC) denied reports circulated on some media outlets, websites and social media pages about the government's intention to increase fuel prices again this year.
The IDSC has contacted the Ministry of Finance, which totally dismissed these reports and emphasized that there would not be any further surge in fuel prices during the fiscal year 2017-2018, the center said in a Thursday report.
The finance ministry said the subsidy system goes in line with the government's economic reform program which is proceeding very well in accordance with plans and programs previously set by the government.
The ministry urged all media outlets to verify authenticity of any information and contact bodies concerned before publishing any news in order not to confuse public opinion and provoke outrage among citizens.
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