Fuel Consumption Decreases by 5% in July
Fuel consumption declined by 5% during July, following the introduction of the automatic fuel pricing mechanism.
Fuel consumption declined by 5% during July, following the introduction of the automatic fuel pricing mechanism.
The oil and finance ministries have chosen a firm to sign fuel hedging contracts with the government.
The International Monetary Fund (IMF) has said that the recently-approved automatic fuel price mechanism will protect Egypt's budget from movements in the global oil markets.
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