The Egyptian Ministry of Petroleum and Mineral Resources confirmed that there will not be any fuel price hikes or volume capping with the trail run of the second phase of of fuel smart cards.
The number of Egyptian citizens who applied for fuel smart cards reached 5m out of the 6.5m subsidy-beneficiaries estimated by the Egyptian Traffic Authority.
E-Finance has issued 6.8m petrol electronic smart cards for the management system of petroleum subsidies in cooperation with the Egyptian Ministry of Finance.