Misr Petroleum Company has allocated EGP 155 million for establishing 160 filling stations during fiscal year (FY) 2018/19 fiscal.

The company has started to develop a number of its 1350 filling stations across the country, Hussein Fathy, head of Misr Petroleum, told Amwal Al Ghad.

The new filling stations will be constructed across 27 governorates in order to meet public demand for petroleum products.

Fathy revealed that Misr Petroleum aims to increase its sales by 15% in 2018/2019, adding that the target is to sell 10 million tons during the FY.

The company further plans to purchase 14 jet fuel stations and a maritime ship fueling station in Port Said. This is in addition to completing the Sphinx and the New Administrative Capital airports, supplying fire pumps for the warehouses of Luxor and Sohag, and updating the fleet of the company as a whole.