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

• Monday, 30th November 2020
• by Editorial Team

Petroleum products subsidies fell by about 46% during Q1 of the current fiscal year (FY) 2020/21, Minister of Petroleum and Mineral Resources, Tarek El Molla said according to the General Trade Union for Petroleum Wor...

Egypt Spent EGP 14b in Fuel Subsidies

• Tuesday, 1st November 2016
• by Sarah Samir

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 st...