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Egyptian TV host Amr Adib warns of oil price surge

Egyptian TV host Amr Adib warns of oil price surge — photograph supplied by Egypt Independent

Image: Egypt Independent

Egyptian TV host Amr Adib warned of the repercussions that a sharp rise in oil prices—with the price per barrel exceeding US$104—could have on fuel prices in Egypt. He questioned how the government would handle such high levels, given that it had previously based its calculations on a price of $75…

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