Egypt’s Consumption of Gasoline and Diesel Declines

Egypt’s Consumption of Gasoline and Diesel Declines

Egypt’s consumption of gasoline and diesel fell 4.2% and 7.1% respectively in the first quarter of fiscal year 2017-2018, Reuters reported.

Egypt’s consumption of diesel reached 3.419 million tons in the period from July 1 to September 30, 2017 compared to 3.680 million tons during the same months in 2016.

Gasoline consumption also fell to 1.872 million tons in the given period of 2017 compared to 1.955 million tons a year earlier, El Molla added.

Diesel production rates increased to 628 in August 2017.

The beginning of the second quarter of 2017-2018 fiscal year also witnessed a decrease in diesel consumption according to the Central Agency for Public Mobilization and Statistics’ latest report (CAPMAS).

Diesel consumption recorded 1.2 million tons in October 2017 in comparison to 1.3 million tons in October 2016.

Diesel production declined with almost 40 thousand tons in October 2017 comparing with October 2016, from 626 thousand tons to 587 thousand tons, CAPMAS reported.

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