Egypt Affirms Stability of Fuel Market

Egypt's cabinet media center has denied that the prices of gas cylinders hiked due to the shortage in supply.

In a statement on Saturday, the center quoted the Ministry of Petroleum and Mineral Resources as saying that the increase in prices is incorrect, and there was no shortage in supply as well.

The Ministry said the official price for a gas cylinder remained at EGP65, adding that the market received 2.200 million cylinders daily.

However, it stressed that it makes field visits to markets to prevent any manipulative practices.