Fuel Subsidies: 92-Octane Consumption Decreases Following Cuts

• Tuesday, 26th June 2018
• by Editorial Team

Misr Petroleum’s sales of 92-octane benzene has decreased since the government made further cuts to fuel subsidies in mid-June, an anonymous source at the company told Amwal Al Ghad. The source said that demand ...

Moroccan Fuel Prices Increase upon Dirham Liberalization

• Thursday, 18th January 2018
• by Sarah Samir

Moroccan fuel prices hiked in 48 hours after the country announced the liberalization of its Dirham.  Diesel price exceeded $1.08 per liter for the first time, ranging between . 14 and $1.04 per liter depending on the...

Diesel Subsidies Reach EGP 150m Following Recent Hike

• Wednesday, 5th July 2017
• by Editorial Team

Diesel subsidies’ cost reached around EGP 150m per day following the recent fuel price increase as every 1 litre of diesel is subsidised by EGP3, Deputy Head of the Egyptian General Petroleum Corporation (EGPC),...

Cabinet Explains Consequences of Fuel Price Increase

• Tuesday, 4th July 2017
• by Editorial Team

The Egyptian Cabinet issued a report explaining its decision to increase fuel prices and how it affects consumers, reported Al Mal News. While the fuel prices hike will affect low-income citizens by not more than 10%,...

Fuel Prices Not to Increase for Industrial Sector

• Monday, 3rd July 2017
• by Editorial Team

Fuel supplied to the industrial sector will not face any price increase, with the exception of cement industry, Head of Egyptian General Petroleum Corporation (EGPC), Abed Ezz El Regal, told Al Mal News. The Egyptian ...

MoF: No Increase in Fuel Prices until Next July

• Monday, 3rd July 2017
• by Editorial Team

There will be no further increase in fuel prices during the fiscal year (FY) 2017/18, the Egyptian Minister of Finance stated during a call to ON TV, he further added that the government will continue to reduce energy...

El Molla: Smart Cards Do Not Affect Fuel Prices

• Monday, 3rd July 2017
• by Editorial Team

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, announced during a television interview that there is no connection between the fuel smart cards system and the recent fuel prices increase, Amwal ...

Uganda to Cut Fuel Costs by Half

• Tuesday, 20th June 2017
• by

In the next two years, the fuel pump prices in Uganda will substantially decrease if the $94m water transport project launched by Uganda’s President Yoweri Museveni in Mid-June becomes a reality, the Daily Monitor sai...

South Africa’s Petrol, Diesel Pump Prices to Drop

• Sunday, 4th June 2017
• by

The South African Energy Department announced that the retail price of petrol and the wholesale price of diesel in South Africa will fall starting June 7, Reuters stated. The Energy Department revealed in the statemen...

IMF Supports Mozambique’s Fuel Price Increase

• Sunday, 26th March 2017
• by

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, Zitamar r...