Fuel Consumption Decreases by 5% in July

• Monday, 5th August 2019
• by Editorial Team

Fuel consumption declined by 5% during July, following the introduction of the automatic fuel pricing mechanism, a source in Misr Petroleum Company reportedly told Amwal Al-Ghad. Total petroleum products consumption d...

Government Chooses Provider of Fuel Hedging Contract

• Monday, 13th August 2018
• by Editorial Team

The oil and finance ministries have chosen a firm to sign fuel hedging contracts with the government, anonymous sources told Amwal Al Ghad. The fuel hedging solution was proposed by the two ministries to prevent risin...

IMF: Fuel Price Mechanism to Strengthen Egyptian Budget

• Tuesday, 17th July 2018
• by Editorial Team

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, Egypt Oil & Gas reports. The fun...