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Global oil fall reduces Egypt fuel costs
The global decline in oil prices to around $70 per barrel is not immediately reflected in fuel prices in Egypt, which has already incurred losses of approximately 200 billion Egyptian pounds due to the global price increase. Although oil has fallen from its peak between $125 and $150, gas prices remain high at levels of $17 to $18, compared to their peak of $25, continuing to exert pressure on Egypt's public finances.
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