Egypt’s Fuel Subsidies Fell 23%

• Tuesday, 16th August 2016
• by Egypt Oil & Gas

Egypt's spending on petroleum subsidies fell by 23% in 2015/16 to EGP 55b ($6.27b) from a targeted EGP 61b, Head of the Egyptian General Petroleum Corporation (EGPC),Tarek al-Hadidi said, citing a decline in global o ...

UAE Lowers Domestic Fuel Prices, Increases Public Spending

• Tuesday, 29th December 2015
• by Egypt Oil & Gas

The UAE’s ministry of energy announced that it would lower domestic prices for gasoline and diesel in January, making a long anticipated move given the plunge in Brent crude.