Government Closely Monitoring Fuel Market

Government Closely Monitoring Fuel Market

Prime Minister Mostafa Madbouly held a cabinet’s central operations room on July 5 to ensure the availability of petroleum products, as well as applying new fuel and public transportation prices, according to a Cabinet statement.

The meeting was held at the Cabinet’s Information and Decision Support Center (IDSC), following the Ministry of Petroleum’s announcement of new fuel prices, and was attended by representatives from the Ministries of Petroleum, Interior, Local Development, Electricity, Health, and Transportation.

Madbouly communicated with governors across the country, through video conference calls, the need for coordinating transportation prices, as well as ensuring the availability of different petroleum products, especially butane cylinders.

The increase in transportation prices ranges between 10% and 15%, according to the Cabinet’s official spokesman Nader Saad, who stated that the Prime Minister has directed operations rooms in all governorates to closely follow public transportation and petroleum products availability, and be ready to deal with any emergency situations.

The central operations room is closely following developments around the clock, communicating with 56 entities across the country, the statement noted.

Meanwhile, Minister of Petroleum Tarek El Molla chaired a meeting that gathered the top management of the Egyptian General Petroleum Corporation (EGPC) and other petroleum products distribution companies, following the announcement of the new fuel prices, according to a ministry statement.

El Molla closely followed fuel distribution across all Egyptian governorates to ensure availability and regular inflows from storage centers through distribution and marketing channels, as well as the sufficiency of gasoline, diesel, butane, and other petroleum product reserves.

The minister also toured a number of petroleum products distribution facilities, including the Egyptian Natural Gas Holding Company’s (EGAS) butane cylinders factory in Kattameya and the Co-operation Petroleum Company’s (COOP) distribution center in Huckstep, to follow on the distribution and supply of fuel to all consumers in the local market.

During his tour, El Molla guaranteed workflow across the facilities and the availability of petroleum products and the flow of fuel supplies in sufficient rates around the country.


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