June 30th which is next saturday, and also happens to be the end of the fiscal year of Egypt, will see a rise to the petrol prices by around 27%. The increase is attributed to the fact that government for the new year of 2012/2013 are cutting their subsidies on petrol as they can no longer take over the bill for us.
some might say why is this gossip on cairogossip, well for the simple reason, this will affect all of us. From an airheaded standpoint, think of the Sahel & Gouna budget. From a political point of a view, every time there is a hike in petrol prices, there is a protest and it makes every other product (such as food) increase since they depend on transportation.