Egypt Pays $1.1B to Cover Fuel Demands

• Thursday, 20th July 2017
• by Sarah Samir

The Egyptian state pays around $1.1 billion on a weekly basis for petroleum products, Head of the Egyptian General Petroleum Corporation (EGPC), Khaled Othman, told Amwal Al Ghad. The consumption of petroleum products...

Fuel Subsides to Reach EGP 64b

• Sunday, 6th November 2016
• by Sarah Samir

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the cost of fuel subsidy will increase to EGP 64b during fiscal year 2016/2017 after the current devaluation, reported Al Mal News....

Egypt Raised Pump Prices

• Friday, 4th November 2016
• by Sarah Samir

The Egyptian Ministry of Petroleum increased petrol price early November in a move to alleviate fuel subsidy expenditure within the country’s economic reform program. The government has implemented the new price...

Nigeria to Reduce Petrol Price in 2016

• Sunday, 27th December 2015
• by Egypt Oil & Gas

Nigeria, Africa’s biggest oil producer, will reduce gasoline costs and scrap fuel subsidies under a pricing mechanism to come into effect as of January, Petroleum Minister of State, Emmanuel Kachikwu said, Bloomberg r...