Egypt is expected to use around 75% of the additional revenue from its latest electricity tariff increase, which raised tariffs by an average of about 12% for most residential consumers while leaving the lowest consumption bracket unchanged, to reduce mounting debts owed by the Ministry of Electricity to the Ministry of Petroleum. The move underscores [...] The post Egypt Directs Tariff Increase Toward Mounting Power Sector Fuel Bills appeared first on The Middle East Observer .
