The government has denied rumors of increasing the electricity prices by 30-60 percent in July، adding that such circulated percentage was false.
After the news determining the rise in electricity in percentage spread on social media، the media center at the cabinet fact-checked the information with the Ministry of Electricity، which in return denied it as fake news، according to Egypt Today.
The ministry has announced that there will be another increase in electricity prices as part of the government plan’s of slashing the subsidies off fuel and power. The ministry said that once the new increase is officially determined، it will be announced in a press conference with all relevant details.
According to the 2019-20 preliminary budget، spendings on electricity subsidies will fall 37.5 percent to LE 10 billion and spending on petroleum products will be cut by 42 percent.