Electricity Subsidies | Egypt Oil & Gas

Fuel Subsidy Bill Drops by 19.1% in FY 2018/19

Egypt’s fuel subsidy bill dropped by 19.1% to reach EGP 89.075 million in fiscal year FY 2018/19, compared to EGP 110.148 million in FY 2017/18, Egypt’s Financial Statement for FY 2018/19 revealed.

Egypt to Lift Power Subsides by 2019

Sources with the Egyptian government stated that no budget was allocated for electricity subsidies in Egypt starting from fiscal year 2018/2019.

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