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Cabinet Explains Gasoline and Diesel Price Rise
The Egyptian government denied any intention to increase or decrease gasoline and diesel prices after reports surfaced about discussions regarding such measures. The government emphasized that the recent meeting between the Prime Minister and the Minister of Petroleum focused on ensuring the market’s needs for petroleum products and maintaining strategic stock levels. The spokesperson for the Council of Ministers confirmed that any news relating to price adjustments or the upcoming meeting of the automatic pricing committee is false. The government is working to improve refinery efficiency and reduce reliance on imports to achieve stability in energy supplies.
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