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'Smart cards' will not raise fuel prices: Minister of petroleum

Osama Kamel denies media reports of fuel price hikes with the introduction of rationing cards in April

Ahram Online, Sunday 3 Mar 2013
Minister of Petroleum
Egyptian Minister of Petroleum Osama Kamal (Photo: Ahram Arabic News Website)
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The government will not raise the prices of subsidised fuel even when rationing 'smart cards' are introduced, Osama Kamal, minister of petroleum told state-owned MENA news agency.

The main aim behind the intoduction of the card system is the fair allocation of subsidised fuel and not raising its prices, the minister said.

The minister denied media reports that the government would raise gas prices coinciding with the implementation of the 'smart card' system.

He noted that the prices that were announced in several newspapers are estimates of the cost price of fuel products before being subsidised.

"Prices outside of the specified subsidised quotas will be decided upon implementation of the new system", explained Kamel.

The quotas, which will be implemented through a card system guaranteeing drivers a specific amount of subsidised fuel, are due to start in April just as the country is set to hold parliamentary elections.

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