By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    CBE Deputy Governor, Swiss State Secretary discuss economic cooperation
    CBE Deputy Governor, Swiss State Secretary discuss economic cooperation
    September 30, 2023
    CBE Governor discusses cooperation with China Development Bank in Beijing
    CBE Governor discusses cooperation with China Development Bank in Beijing
    September 30, 2023
    eSIM technology to be tested by mobile operators in Egypt soon
    eSIM technology to be tested by mobile operators in Egypt soon
    September 30, 2023
    GAFI plans to set up financial service center in New Capital with Emirati-South African alliance
    GAFI plans to set up financial service center in New Capital with Emirati-South African alliance
    September 30, 2023
    Klivvr aims to become Egypt’s largest retail institution within 7 years: Chairperson
    Klivvr aims to become Egypt’s largest retail institution within 7 years: Chairperson
    September 30, 2023
  • Politics
    PoliticsShow More
    Israeli army kills Palestinian in West Bank
    Israeli army kills Palestinian in West Bank
    October 1, 2023
    Aswan Forum Secretariat ‘CCCPA’ briefs UN Country Team on upcoming edition
    Aswan Forum Secretariat ‘CCCPA’ briefs UN Country Team on upcoming edition
    September 30, 2023
    Egypt marks 20 years of United Nations Convention against Transnational Organized Crime
    Egypt marks 20 years of United Nations Convention against Transnational Organized Crime
    September 30, 2023
    Al-Sisi urges Egyptians to vote for change in upcoming elections
    Al-Sisi urges Egyptians to vote for change in upcoming elections
    September 30, 2023
    UN to send mission to Nagorno-Karabakh: Spokesperson
    UN to send mission to Nagorno-Karabakh: Spokesperson
    September 30, 2023
  • Interviews
    InterviewsShow More
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    September 18, 2023
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    September 14, 2023
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    September 12, 2023
    India welcomes Egypt's BRICS membership: Boosting trade, investment, and access to strategic commodities
    India welcomes Egypt’s BRICS membership: Boosting trade, investment, and access to strategic commodities
    September 11, 2023
    The box office is not a measure of success: Basma Hassan
    The box office is not a measure of success: Basma
    September 6, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Misr Al-Qawia criticises lifting natural gas prices
Share
Notification
Latest News
Israeli army kills Palestinian in West Bank
Israeli army kills Palestinian in West Bank
Politics Region
CBE Deputy Governor, Swiss State Secretary discuss economic cooperation
CBE Deputy Governor, Swiss State Secretary discuss economic cooperation
Business
CBE Governor discusses cooperation with China Development Bank in Beijing
CBE Governor discusses cooperation with China Development Bank in Beijing
Business
eSIM technology to be tested by mobile operators in Egypt soon
eSIM technology to be tested by mobile operators in Egypt soon
Business
GAFI plans to set up financial service center in New Capital with Emirati-South African alliance
GAFI plans to set up financial service center in New Capital with Emirati-South African alliance
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Egypt > Misr Al-Qawia criticises lifting natural gas prices
EgyptPolitics

Misr Al-Qawia criticises lifting natural gas prices

Rana Muhammad Taha
Last updated: 2014/04/27 at 3:43 PM
By Rana Muhammad Taha 3 Min Read
Share
Abdel Moneim Aboul Fotouh, president of Misr Al-Qawia Party (File Photo)
SHARE

Lifting the prices of natural gas has a “minimal” effect on the state’s budget, Mirs Al-Qawia (Strong Egypt) Party said on Sunday, describing the attempt to decrease the state’s expenses on subsidising fuel as “futile”.

Starting May, natural gas prices will be increased, as per a ministerial decree issued last week. The cabinet announced that users of less than 25 cubic metres will pay EGP 0.40 per cubic metre; users who consume between 25 and 50 cubic metres will pay EGP 1; and those who consume above 50 cubic metres will be required to pay EGP 1.5.

Government revenues, generated from an increase in natural gas prices, will be used to finance the delivery of natural gas to homes, a Tuesday statement from the cabinet said.

In a statement released on Monday, Misr Al-Qawia said that natural gas subsidies make up less than 9% of the state budget portion dedicated to fuel subsidies. It added that domestic use of natural gas marks only 1.8% of the fuel’s national consumption.

Increasing the prices of fuels used in heavy industries would have been more useful, the party said.

As it excludes the electricity generation sector and bakeries, the price hike is expected to only affect citizens whose homes have a connection to the natural gas network.

Misr Al-Qawia described the decision as a “continuation to the approaches of [former President Hosni] Mubarak’s regime”. It added that the decision favours businessmen at the expense of middle class and low-income citizens.

“Such decisions, which affect citizens’ daily lives, should be issued by an elected government, rather than the current appointed one,” the party said. It described the current government as “unrepresentative of the masses which took to the streets on 25 January 2011, calling for social justice and involvement in the decision-making process”.

It vowed to “expose” any decision the authorities take which could harm less privileged citizens, adding that it will work on creating legislation that can help achieve “genuine” social justice.

Misr Al-Qawia noted that restructuring the current subsidies system is a “necessity”, seeing that the rich are the dominant beneficiaries of such a system. It nevertheless added that such restructuring should be part of a “comprehensive plan” to decrease its negative impact on less privileged citizens.

Facing its worst energy crisis in years, the Egyptian government is struggling to come up with solutions to the fuel shortage. Citizens are mostly outraged over the frequent power cuts, gradually increasing to unprecedented levels throughout the past couple of years.

Additional reporting by Doaa Farid

You Might Also Like

Israeli army kills Palestinian in West Bank

Aswan Forum Secretariat ‘CCCPA’ briefs UN Country Team on upcoming edition

Egypt marks 20 years of United Nations Convention against Transnational Organized Crime

Al-Sisi urges Egyptians to vote for change in upcoming elections

UN to send mission to Nagorno-Karabakh: Spokesperson

TAGGED: Al-Qawia, cut, Egypt, Fuel, Gas, hike, increase, Misr, natural, party, Power, price, Strong, Subsidy
Share this Article
Facebook Twitter Email Print
Previous Article Citadel Capital sells 66.12% stake in Sudanese Egyptian bank
Next Article Egypt to participate in joint air force training in the Gulf
2 Comments

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Israeli army kills Palestinian in West Bank
Israeli army kills Palestinian in West Bank
Politics Region
CBE Deputy Governor, Swiss State Secretary discuss economic cooperation
CBE Deputy Governor, Swiss State Secretary discuss economic cooperation
Business
CBE Governor discusses cooperation with China Development Bank in Beijing
CBE Governor discusses cooperation with China Development Bank in Beijing
Business
eSIM technology to be tested by mobile operators in Egypt soon
eSIM technology to be tested by mobile operators in Egypt soon
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?