Latest in Highlight

Advertising Area







Latest in


Upper Egypt pipelines receive 7.5m tonnes of fuel annually: PPC

Upper Egypt receives about 7.5m tonnes of crude oil, butane, and petroleum products through pipelines annually, the Chairperson of Petroleum Pipeline Company (PPC), Abdel- Moneim Hafez, said He pointed out that investments worth EGP 3.6bn were injected into Upper Egypt, including a project to increase the capacity of butane to Lower Egypt governorates from a …

Mohamed Adel

“Fuel subsidy reform plays a key role in fiscal consolidation”: IMF

In its third review under the extended arrangement in accordance with the Extended Fund Facility issued in July 2018, the International Monetary Fund (IMF) assured that the ongoing energy subsidy reform continues to play a key role in fiscal consolidation. It clarified that the fuel subsidy bill has decreased from 3.3% of the GDP in …

Daily News Egypt

Egyptians bear 70% of fuel prices through threefold price hikes in 2 years

To meet the demands of the IMF to grant Egypt the $12bn loan, curb the budget deficit, and to deal with the increasing inflation rate, fuel subsidies underwent non-recurrent stages to be phased out, toward being fully suspended in 2019 according to a subsequent 2018 statement for the Minister of Petroleum and Mineral Resources, Tarek …

Doaa A. Moneam

Fuel exports up to $3.4bn in 7 months

The oil sector has been able to raise the value of its foreign exports of fuel to $3.4bn between January and July 2018, up from $2.5bn in the same period in 2017, up by $883m. According to the CAPMAS, total crude oil exports reached $1.1bn in that period, against $1.6bn in that period of 2017, …

Daily News Egypt

Egypt’s fuel imports rise to $5bn in five months

Total fuel imports from January to May 2018 rose to about $5.035bn compared to $4.924bn in the January-May 2017 period, with an increase of nearly $111m. According to the latest statistics of the Central Agency for Public Mobilization and Statistics (CAPMAS), total imports of crude oil amounted to $1.483bn, during the first five months of …

Daily News Egypt

Car companies struggle to stabilise prices after fuel price changes

The car market has received the decision to increase fuel prices with a stabilisation of the delivery prices of the current month, ignoring the projections on social media of the upcoming period and a possible increase in prices. Some of the companies that have kept their prices fixed are Mercedes-Benz, Opel, Chevrolet, BMW, Toyota, Renault, …

Ahmed Amer

Egypt’s fuel imports value increases to $4bn within 4 months

Egypt’s fuel imports value rose to about $4bn from January to April 2018, compared to $3.9bn during the same period in 2017—an increase of $124m. The Central Agency for Public Mobilisation and Statistics (CAPMAS) reported that the value of the country’s crude oil imports during the first four months of the year amounted to $1.15bn, …

Daily News Egypt

Is riding scooters best solution for facing hike in fuel prices?

After the last rise in the fuel prices, every citizen in Egypt, thinks about the negative effect of this rise on  one’s budget for transportation, either to ride private cars, taxes, or even buses. Egypt’s new government raised fuel prices by 35.0-66.6% in emid-June with an immediate effect. The price hikes are part of the …

Nihal Samir

Saving money no longer option for Egyptians under price hikes 

Egyptians, especially members of the middle class, have been gradually changing their lifestyles over the past years, not only by cutting their expenses, but also by giving up many things that were once essential to their daily routines. Members of the middle and upper middle classes had been enjoying many things seen by lower classes …

Sarah El-Sheikh

Uber adjusts service prices after fuel price hike

Uber Smart Transport Company changed its pricing on Monday and announced the new pricing system. In a text message to its “drivers partners,” Uber said that the company’s work is to provide a safe, secure, and an appropriate means of transport for all, anytime and anywhere. “Uber works best when drivers and passengers benefit. Hence, …

Daily News Egypt

Egypt’s fuel exports rise in Q1 2018 to $1.2bn

Egypt’s total fuel exports between January and March (Q1) 2018 increased to $1.225bn from $964m during the same period of 2017, an increase of approximately $260m. The Central Agency for Public Mobilisation and Statistics (CAPMAS) said in its latest report that the total exports of crude oil during the first three months of 2018 reached …

Daily News Egypt

Fuel distribution companies have not received notice on price increases

According to official sources at petroleum product distribution companies, the companies have not yet received any notifications about the decision to increase the prices of fuel, and that the concerns about the new price schemes are false. The sources added that the distribution companies are entities that implement fuel prices increases, and do not to …

Mohamed Farag

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