Egypt Keeps Fuel Prices Unchanged for Q4 2022

• Saturday, 22nd October 2022
• by Ihab shaarawy

The Egyptian Fuel Automatic Pricing Committee decided to keep the prices of fuels and petroleum products within the domestic market unchanged for Q4 2022, according to a press release. The committee said that this dec...

Cabinet Denies Fuel Price Surge

• Tuesday, 5th May 2020
• by Editorial Team

The Cabinet has denied the rumors surrounding a surge in fuel prices, according to a statement. Earlier, the House of Representatives has approved proposed fees on gasoline and its derivatives of an additional EGP 0.3...

Egypt to Reprice Electricity Following Increased Fuel Quota

• Tuesday, 7th February 2017
• by Dr. Mahinaz El-Baz

The spokesman for The Electricity Ministry, Ayman Hamza, said that the ministry is repricing electricity following the increase in fuel prices as a result of the EGP flotation. The move comes as the government is dete...

S. Africa to Increase Fuel Prices

• Monday, 2nd January 2017
• by Editorial Team

South Africa’s Department of Energy announced increases of pump pricing for January. Accordingly, a liter of petrol 93 unleaded petrol (ULP) and lead replacement petrol (LRP) will rise by $0.04 per liter, while a lite...

Egypt Spent EGP 14b in Fuel Subsidies

• Tuesday, 1st November 2016
• by Sarah Samir

Egypt’s petroleum subsidies reached EGP 14b in the first quarter of currently fiscal year 2016/2017, which started in July. This came as a result that Brent is trading at a higher price than the $40/b used in st...

Oil Expert: IMF Loan is a Trap

• Monday, 8th August 2016
• by Sarah Samir

‘The International Monetary Fund (IMF) is a trap meant to drown Egypt in foreign loans and if Egypt accepts it, the country may soon declare bankruptcy,’ said Ibrahim Zahran, a petroleum expert, in an excl...

Egypt: Fuel Prices Will Not Rise over IMF Loan

• Wednesday, 3rd August 2016
• by Egypt Oil & Gas

Following recent talks with the IMF,  an official from the Egyptian General Petroleum Corporation (EGPC) stated for Egypt Oil&Gas that the price of fuel will not change. During negotiations, the government confirm...

Algeria’s 2016 Budget Raises Energy Prices

• Tuesday, 1st December 2015
• by Egypt Oil & Gas

Algeria has increased gasoline, diesel, gas, and electricity prices in its 2016 budget to cope with a sharp fall in energy earnings, Reuters reported. The global oil price slide is testing an economic system that reli...

Petroleum Prices to Increase before FY 2015/16

• Monday, 2nd March 2015
• by Egypt Oil & Gas

Egypt’s government aims to increase the prices of petroleum products before fiscal year 2015/16, according to Al-Mal newspaper. The decision represents the second phase of the five-year plan for the gradual redu...

Nigeria protests suspended after fuel price cut

• Monday, 16th January 2012
• by Egypt Oil & Gas

Nigerian President Goodluck Jonathan said on Monday petrol prices would be reduced to 97 naira ($0.60) a litre and labour unions agreed to suspend mass protests to allow further negotiations with the government. Tens ...