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The Egyptian authorities decided to go ahead with hikes to subsidised government-set fuel prices on Thursday, lifting gasoline and diesel prices by between 17-66% and raising the price of a litre of gasoline 92 to EGP 6.75, up from EGP 5. The price of gasoline 80 and diesel fuel both increased from EGP 3.65 to …
State budget bears 35% of fuel cost
The switch will save EGP 500 per month at an average use of 10 litres of gasoline 80
Regular timetable for shipments will be in place starting from April, states Ezz El Regal
Project targets production of a further 850,000 tonnes of high octane gasoline with investments worth approximately $300m
Higher energy prices may be driving inflation, says former IMF assistant
Egypt has proposed three petrochemical projects to the UAE for a total investment of $540m, according to a senior official at the Ministry of Petroleum. The projects included establishing a factory to produce bio-ethanol from molasses, the output of which would reach 100,000 tonnes of molasses annually, with investment in the project totalling $250m. The …
Government cutting energy subsidies, preparing diesel and gasoline price increases, likely to exacerbate suffering of 26% of Egyptians under poverty line
Petroleum price increase to be announced unexpectedly to avoid black market fuel distribution, says EGPC official
Ministries of Electricity and Petroleum have launched initiative to reduce 20% of electricity consumed annually and thereby decrease energy deficit
Petroleum minister says there is no alternative for adjusting prices of gasoline and diesel fuel to overcome high subsidy costs
The authority requested that Saudi Arabia supply large quantities of diesel fuel during the current period in order to satisfy the needs of power stations during the summer.
The most recent statistics coming from the Egyptian General Petroleum Company show that the number of private and public registered fuel stations throughout the country totaled 2,700 by the end of 2011.
Hundreds attempt to cross the Rafah border through tunnels
Ahead of massive opposition protests, streets in Cairo and elsewhere have cleared, offering a significant improvement in petrol station queues
Once the card owner depletes their allotment of the subsidized fuel, they will then be forced to pay market prices.
The details of the transaction and its price have not been disclosed.
Recent statements made by the petroleum minister regarding the fuel subsidies programme have caused intense controversy within Prime Minister Hesham Qandil’s government.
There has been a shift in Middle Eastern refineries to produce cleaner fuel as they are looking to target export markets.