Commercial and household's electricity prices for Fiscal Year (FY) 2019/2020 and FY 2020/2021 will increase by 19% starting from July, the Minister of Electricity and Renewable Energy Mohamed Shaker announced during a press conference

Mostafa Madbouly, the Prime Minister, held a meeting with the Heads and Representatives of companies’ that manufacture microbuses and minibuses to present the government’s plan to expand in manufacturing new bi-fuel vehicles and converting old ones.

Misr Petroleum's sales of 92-octane benzene has decreased since the government made further cuts to fuel subsidies in mid-June.

Egypt's Ministry of Electricity is set to pay EGP700m to the Ministry of Petroleum and Mineral Resources.

Egypt's fuel imports bill reduced by 9% due to decrease consumption of power plants, vehicles, and demand in general during the winter months when compared to the warmer summer season.

The Egyptian General Petroleum Corporation (EGPC) is considering to launch a tender to import 700,000 tons of benzene, diesel, and, mazut oil, with the Ministry of Finance securing $300m to buy the needed cargos by mid-November.

Iran has announced the resumption of swaps of crude oil for petroleum products with the Caspian littoral states – Turkmenistan and Kazakhstan, after a five year suspension.