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Egypt raises gas price for high-use industries to $5.75

Reuters ECONOMY
Published October 29,2021
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Egypt has increased the selling price of natural gas for the industrial sector to $5.75 per million thermal units for high consuming industries and $4.75 for other industries, according to the official gazette.

The government has previously reduced the natural gas price to $4.5 as part of measures meant to support economic growth.

The high consuming industries mentioned in the official gazette announcement are cement, iron and steel, and fertilisers.