Yes, nothing helps a sluggish economy like raising fuel prices 78% Good thinking!
Obama soon to follow
Long term? Better choice.
Short term? Could be (will be difficult.)
Did you notice that the “new” Egyptian government is a dictatorship “freely elected” very recently though?
Free markets are bad?
OTOH, if you measure the price of gasoline as a percent of income(pain at the pump price), Egypt has high gasoline prices and this price increase will probably put them up at the top of that list.