Egypt on edge after fuel subsidies slashed

Government curbs decades-old gas subsidies in effort to get multi-billion dollar cash loan from the IMF.

Egypt is in talks to get a desperately needed loan from the International Monetary Fund.

In order to secure the multi-billion dollar cash injection, the government is having to curb decades-old subsidies.

Egyptians are feeling the pinch after the government raised the price of butane gas for the first time in 20 years.

Some consumers are now forced to queue in long lines, sometimes as lengthy as 1km, for cylinders.

Al Jazeera’s Rawya Rageh reports from Cairo.

Source: Al Jazeera

More from Economy
Most Read