On the same day that Cairo announced it was cutting gas prices for local industry (MEES, 11 October), the oil ministry announced it was cutting gasoline prices.

After five years of gradual increases as the country removed subsidies, prices of both gasoline and diesel were liberalized, and linked to international prices, since the start of the current Egyptian financial year on 1 July (MEES, 12 July). (CONTINUED - 269 WORDS)