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Sun 6 Nov 2016 12:30 PM

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Video: Egyptian consumers get rude awakening as petrol pump prices soar

Egyptians refuelling their cars faced price hikes at the pump of up to 47 percent after the central bank floated the Egyptian pound.

Video: Egyptian consumers get rude awakening as petrol pump prices soar
(Khaled Desouki/AFP/Getty Images)

Ivor Bennett reports on the aftershock of a move that may please the IMF - if not hard-pressed consumers.

(Source: Reuters YouTube channel)