Latest in Tag: Fuel Highlight

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Latest in Tag: Fuel

34% increase in fuel subsidies costs in H1 FY 2017/18: El-Molla

The costs of fuel subsidies grew by 34% in the first half (H1) of the fiscal year (FY) 2017/18, to reach EGP 51bn, increasing from EGP 38bn,  Minister of Petroleum Tarek El-Molla told Reuters on Wednesday.   El-Molla added that despite the witnessed increase in subsidies costs, the subsidies bill is still EGP 4bn below …

Mohamed Samir

EOS issues new Egyptian fuel specifications

The Egyptian Organisation for Standards and Quality (EOS) has held a number of meetings with the Transportation Division of the Chamber of Engineering Industries to develop a new fuel standard and octane ratios for gasoline used in the Egyptian market. Samir Allam, deputy head of the Transportation Division of the Chamber of Engineering Industries, said …

Ahmed Amer

Uber raises tariff after fuel price hikes

The ride-hailing company, Uber, has decided to amend its tariff, following the hike in fuel prices at the end of June. According to the new prices, the basic fare was increased to EGP 6 for UberX and EGP 7 for Uber Select. The company also increased the tariff per km to EGP 1.85 for UberX …

Daily News Egypt

Egypt inflation likely to rise 3-4.5% after fuel price hike: Kojak

Egypt’s inflation rate is expected to rise by between 3 and 4.5 percent following last week’s fuel price hike, Deputy Finance Minister Ahmed Kojak said on Monday. Global Search House expected prices to resume rally again after Egyptian government enacted a second round of economic reforms at the beginning of the fiscal year 2017/2018. Egypt …

Daily News Egypt

EGPC poses tender to replace Aramco fuel shipments in January

The Egyptian General Petroleum Corporation is set to pose a tender to supply all needs of the domestic market of petroleum products in January, replacing the Saudi Aramco shipments, which were halted since October. A government source told Daily News Egypt that Aramco’s contract to supply 700,000 tonnes of petroleum products per month was stopped, …

Mohamed Adel