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The Prime Minister, Mostafa Madbouly, confirmed that the circulating information about power outages lasting 6 to 8 hours daily is not correct, and that the government has not announced any measures to implement such an action in response to rising energy prices. He explained that during the Egypt 2026 Forum, discussions focused on potential scenarios to address the global increase in energy costs, with the government considering three main options: passing the full cost increase onto citizens, having the state temporarily bear the cost difference, or reducing consumption of petroleum products while adhering to the budget. He affirmed that the surge in oil prices, which exceeds previous estimates, imposes additional burdens on the budget, and that the government prefers to bear these costs rather than impose burdens on citizens. He also issued a warning against rumors that mislead and distort the facts.
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