Fuel Subsidy Card Posponed

Fuel Subsidy Card Posponed

Egypt’s President Abdel Fattah El-Sisi asked his government on Saturday to consider postponing a smart card system for subsidized fuel which was due to come into effect in two days, state media said.

“The president directed the government to urgently study postponing the application of this system until all the sectors that don’t have these cards are covered,” the state news agency, MENA, quoted the presidency spokesman Alaa Youssef as saying.

The report had no further details.

Egypt was planning to roll out the new system from June 15, as part of plans to reduce costly energy subsidies over time.

Source: Ahram

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