fuel subsidies | Egypt Oil & Gas - Part 3
El Molla: Fuel Subsidies Cut is a Must
Tarek El Molla stated that there is no alternative to increasing fuel prices.
Egypt Allocates Fuel Subsidies in 2017/2018 Budget
Egypt allocated EGP 145b for fuel subsidies in the budget of fiscal year 2017/2018.
IMF Supports Egypt’s Fuel Subsidies Removal
International Monetary Fund (IMF) backs Egypt's plans to remove fuel subsidies within three years and push inflation down to single digits.
Egypt to Import EGP 185b Worth Petroleum Products
Egypt will increase imports allocations from EGP 140b in 2017 to reach EGP 185b in 2018.
El Molla: Egypt’s Fuel Subsidy to Exceed EGP 110b
Fuel subsidy increased well above EGP 110b, from an estimated EGP 35b in the budget.
Egypt to Stop Energy Allocations in 5 Years
Egypt lift fuel subsidies over 5 years to reach zero allocations in the Egyptian budget. The allocations will be used for other fields, such as education and health.
Government Debates Energy Subsidies in New Budget
The Egyptian Cabinet is having talks over the amounts allocated for fuel subsidies in the new budget of FY 2017/2018. Fuel Prices Hikes Expected Next Fiscal Year
Egypt's government is planning to raise fuel prices next fiscal year in effort to keep subsidies spending on budget. 
