BREAKING NEWS

Fuel cache blows up in Egypt, killing 10

By REUTERS

MARCH 29, 2014 21:55

CAIRO - Ten people were killed on Saturday in Egypt when an explosion ripped through a house where a man had been hoarding state-subsidized fuel to sell in the black market.

A further 37 people were wounded by the explosion in the village of Shotora in the southern province of Sohag, the Interior Ministry said in a statement.

Fuels including gasoline and diesel are sold at a fraction of their real price in Egypt thanks to long-standing government subsidies that soak up a fifth of the state budget and have given rise to black markets and smuggling.

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