fuel consumption
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Electricity Prices To Surge by 19% in July
Tuesday, 9th June 2020
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
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Egyptian Buses to Have Bi-Fuel Engines
Thursday, 22nd August 2019
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.
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Fuel Subsidies: 92-Octane Consumption Decreases Following Cuts
Tuesday, 26th June 2018
Misr Petroleum's sales of 92-octane benzene has decreased since the government made further cuts to fuel subsidies in mid-June.
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Egypt’s Electricity Ministry to Pay EGP 700m of Fuel Arrears
Sunday, 5th March 2017
Egypt's Ministry of Electricity is set to pay EGP700m to the Ministry of Petroleum and Mineral Resources. -
Egypt’s Fuel Consumption Dropped by 9%
Monday, 5th December 2016
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. -
Egypt to Import More Fuel
Wednesday, 9th November 2016
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. -
Caspian Crude Swaps Resume to Cure Iran Fuel Shortages
Monday, 28th December 2015
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.
Latest News
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Agreement with Belgian DEME for Studies of Green Hydrogen Production
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El Molla Inspects Progress of New Alamein Pipeline Project
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Egypt Plans to Achieve Diversity in Clean Energy Resources by 2025: El Molla
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GUPCO to Invest $562 MM in FY 2020/21
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 60.81 | -0.77% |
Crude Oil (Brent) Brent | USD/bbl | 63.72 | -0.55% |
NYMEX Natural Gas | USD/MMBtu | 2.80 | -0.46% |
OPEC Basket Price | USD/bbl | 61.97 | -3.53% |
Last Modified March 4, 2021