Is this Déjà vu? Or does it feel like the Egyptian government is repeating the same mantra on energy subsidies almost daily?
The upside of this announcement, which would garner skepticism for a reader that may have seen similar plans announcement over the last few months, is that the plan outlined by petroleum minister Osama Kamal is more detailed than we’ve seen before.
It would mean both rich and poor receive the same allocation of the subsidised fuel and would then pay a higher price for additional amounts consumed. It is a backtrack from the coupon system that was discussed only last week.