Fuel Subsidy Reform | Egypt Oil & Gas

Madbouly: Local Fuel Prices are not Solely Determined by International Rates

Prime Minister, Mostafa Madbouly, issued on Wednesday a statement clarifying that Egypt’s fuel pricing is not tied solely to Brent crude, but rather a complex set of factors that go into determining local prices, ...

IMF: Completion of Fuel Subsidy Reform to Attract Investment

The International Monetary Fund (IMF) has issued the report of the fifth and final review of Egypt’s economic reform program supported by an arrangement under the Extended Fund Facility (EFF), as the completion of ...

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