Prime Minister Ibrahim Mehleb said that raising the prices of fuel will not have any impact on prices of foodstuffs, adding that merchants and owners of passenger transport companies asserted to him that the margin of raising tariff prices will be limited, according to State Information Service (SIS) website.
He noted that re-orienting subsidies together with re-drawing up of a new map for the Egyptian economy will increase the number of citizens benefiting from social solidarity to three millions.
Mehleb had reviewed efforts for cutting down the budget deficit which negatively affects the current conditions and the future of the coming generations and increasing their burdens which could be controlled through taking some measures which aim at redressing distortions in the budget and the big imbalance in the items of spending on fuel subsidy.
Mehleb said increasing prices of fuel is a measure aiming at redressing these distortions and streamlining the subsidy system with the aim of using these saved funds in financing other sectors such as health, education and slums.