Fuel subsidy

  • Egypt Pays $1.1B to Cover Fuel Demands

    Egypt Pays $1.1B to Cover Fuel Demands

    Thursday, 20th July 2017
    The Egyptian oil and gas sector secures petroleum products worth $1.1 billion on a weekly basis in order to cover the local consumption.
  • Fuel Subsides to Reach EGP 64b

    Fuel Subsides to Reach EGP 64b

    Sunday, 6th November 2016
    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.
  • Egypt Raised Pump Prices

    Egypt Raised Pump Prices

    Friday, 4th November 2016
    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 prices upon announcing the change.
  • Nigeria to Reduce Petrol Price in 2016

    Nigeria to Reduce Petrol Price in 2016

    Sunday, 27th December 2015
    Nigeria will reduce gasoline costs and scrap a fuel subsidy under a pricing mechanism to come into effect from January.