Petroleum Subsidy

  • Petroleum Products Subsidies Fall by 46% in Q1 FY 2020/21

    Petroleum Products Subsidies Fall by 46% in Q1 FY 2020/21

    Monday, 30th November 2020

    Petroleum products subsidies fell by about 46% during Q1 of the current fiscal year (FY) 2020/21.

  • Egypt Spent EGP 14b in Fuel Subsidies

    Egypt Spent EGP 14b in Fuel Subsidies

    Tuesday, 1st November 2016
    Egypt's petroleum subsidies reached EGP 14b in the first quarter of currently fiscal year 2016/2017, which started in July. This came as a result that Brent is trading at a higher price than the $40/b used in state budget calculations.