New electricity prices will be announced end of this week, sources tell Al Mal. The move to raise prices by an average of 30%, will be part of a general phase out of subsidies which will continue until 2021, unnamed sources tell Al Masry Al Youm. Prime Minister Sherif Ismail reportedly said that the hikes would be reflected in August’s bills, the newspaper reports. There remains confusion as to how expansive the subsidy cuts will be. Government sources say hikes will only apply to high consumption tiers, while Al Mal is reporting that all tiers will see price increases. Separately, water prices will reportedly increase starting October.

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