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Sunday March 30, 2014 MYT 2:55:02 AM
Sunday March 30, 2014 MYT 2:56:08 AM
CAIRO (Reuters) - Ten people were killed on Saturday in Egypt when an explosion ripped through a house where a man had been hoarding state-subsidised 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.
(Writing by Tom Perry; Editing by Angus MacSwan)
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