fuel prices | Egypt Oil & Gas - Part 4

fuel prices | Egypt Oil & Gas - Part 4

Cabinet Explains Consequences of Fuel Price Increase

The government issued a number of social protection programs worth more than EGP 85b to protect low-income citizens from being negatively affected by the burdens of economic reform.

Fuel Prices Not to Increase for Industrial Sector

Fuel provided for the industry sector will not face any price increase, except for cement industry, according to EGPC's CEO.

MoF: No Increase in Fuel Prices until Next July

There will be no further increase in fuel prices during the fiscal year (FY) 2017/18, according to the Egyptian Minister of Finance.

El Molla: Smart Cards Do Not Affect Fuel Prices

The increase in benzene and diesel prices follows the Egyptian Cabinet's decision to cut fuel subsidies in order to ease the budget deficit.

Uganda to Cut Fuel Costs by Half

In the next two years, the fuel pump prices in Uganda will substantially decrease if the $94m water transport project becomes reality.

South Africa’s Petrol, Diesel Pump Prices to Drop

The South African Energy Department announced that the retail price of petrol and the wholesale price of diesel in South Africa will fall.

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.

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