Egypt began applying the new jet fuel prices, which was reduced by 15 cents per gallon until the end of 2021 to support the tourism and aviation sectors.
This was announced earlier on January 13 during the third meeting between Tarek El Molla, the Minister of Petroleum and Mineral Resources, Khaled Al-Anani, the Minister of Tourism and Antiquities, and Mohamed Manar, the Minister of Civil Aviation to discuss ways to boost the tourism and aviation sectors.
El Molla stated that this initiative aims to support the tourism and aviation sectors, facing the challenges of COVID-19 pandemic on the both sectors.
For his part, Al-Anani praised this initiative, which will enhance tourism in Egypt by motivating international companies to increase their flights, especially since aviation is one of the main activities that have a direct impact on the tourism sector. Additionally, Manar praised the petroleum sector’s effort and support in providing fuel to all Egypt’s airports.