Egypt PM says fuel price raise saves 7.14bn dollars

CAIRO, EGYPT - JULY 5: Egypt's Prime Minister states in a press conference at the Cabinet building in central Cairo that Egypt's poverty rate has risen to 26.3 percent, on July 5,2014. Mahlab's government applied a new fuel price raise earlier on the day, attributing the raise, which is unprecedented since 2008, to a yawning budget deficit and a desire by the government to initiate economic and financial reforms to address this deficit. (Photo by Stringer/Anadolu Agency/Getty Images)