Egypt raised gasoline prices by up to 50 percent, the oil ministry said on Saturday, under an IMF reform plan that calls for the slashing of state subsidies on some consumer products.  Oil Minister Tarek El Molla said the price rises will help Egypt save up to 50 billion pounds ($2.8 billion) in allocations for state subsidies in the 2018-19 state budget. The price hike, the third since Egypt floated the pound currency in November 2016, are expected to add more pressure on Egyptian consumers struggling to make ends meet amid high unemployment and price volatility. The ministry said that the price for 95 octane gasoline was increased to 7.75 Egyptian pounds a liter from 6.60 pounds; 92 octane […]