IMF: Fuel Price Mechanism to Strengthen Egyptian Budget
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.
fuel subsidies | Egypt Oil & Gas - Part 2
Libya to Give Extra $500 Subsidies to Households
The Libyan Government of National Accord will provide each household with an extra $500 in subsidies cards starting from July 2018.
El Molla: “This Is Not The Last Fuel Price Hike”
Fuel prices will witness another increase in 2019, Egyptian oil minister Tarek El Molla announced on June 20, only four days after the latest fuel price hike.
Fuel Prices Hiked for Third Time Since 2016
The government announced new fuel price increases on June 16, the third time prices have risen since the country floated the Egyptian pound in November 2016.
Fuel subsidies Jump by 34% in H1 of 2017/18
The cost of Egyptian fuel subsidy has increased by 34% during the first half of fiscal year (FY) 2017/2018, reaching EGP 51 billion, from EGP 38 billion.
Cost of Fuel Subsidy Program Rises 68%
The cost of Egypt's fuel subsidies rose 67.86% year on year (Y.o.Y.) for the first quarter of the fiscal year.
El Molla Reiterates: No Fuel Price Increases this Year
The government has no plans to raise fuel prices during the current fiscal year.
IMF Official: Egypt to Set Pace of Fuel-Subsidy Cuts
Egyptian authorities will determine the date of future fuel-subsidy cuts, according to the Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF).
El Garhy: No Fuel Subsidy Cuts in FY 2017/2018
The government has no plans to cut fuel subsidies during fiscal year (FY) 2017/2018.
