fuel prices | Egypt Oil & Gas - Part 4
IMF Supports Mozambique’s Fuel Price Increase
The International Monetary Fund (IMF) supports the Mozambican government decision to increase fuel prices as the IMF believes the step will help the African country in facing its struggles with foreign debt.
Egypt Delayed Fuel Price Hikes
Egypt, led by Prime MinisterSherif Ismail, decided to delay increasing fuel prices to May 2017. This came in hopes to linking the price hikes to the generalization of the third phase of fuel smart cards across the c ... Tanzania Reduced Fuel Prices
Tanzania's energy regulator lowered maximum retail prices for diesel and kerosene early January but marginally raised the limit for petrol to reflect changes in global energy costs. Zambia Cut Fuel Prices
Zambia's retail fuel prices fell early January due to subdued oil prices. The cut came after President Edgar Lungu said he expected to do so even as Brent crude climbed 13% in December 2016. Fuel Subsides to Reach EGP 64b
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the cost of fuel subsidy will increase to EGP 64b during fiscal year 2016/2017 after the current devaluation. Egypt Raised Pump Prices
The Egyptian Ministry of Petroleum increased petrol price early November in a move to alleviate fuel subsidy expenditure within the country's economic reform program. The government has implemented the new prices upo ... Zambia Increased Pump Prices
The retail price of petrol in Zambia would rise by nearly 39%, while the price of diesel would go up by 33%
South Africa Increased Pump Prices
South Africa’s Department of Energy announced that as of early October the retail price of petrol 93 octane will increase by $0.44/L and that of 95 octane by $0.43/L.
