Price Increase | Egypt Oil & Gas

Electricity Prices to Rise in FY 2019/20

The Ministry of Electricity said that the electricity rates must increase in fiscal year (FY) 2019/20.

MPs Question Gas Price Increases

Members of parliament requested on June 22 to send a letter to Prime Minister Mostafa Madbouly and Minister of Petroleum Tarek El Molla asking them to explain the reasons behind the latest increase in natural gas ...

Fuel Subsidies: 92-Octane Consumption Decreases Following Cuts

Misr Petroleum's sales of 92-octane benzene has decreased since the government made further cuts to fuel subsidies in mid-June.

Egyptian Government to Hike Electricity Prices by 26%

Electricity prices will increase by an average of 26% on July 1 as subsidy cuts included in the 2018/19 fiscal budget are introduced.

Egypt Fuel Prices Could See 45% Increase

Egyptian fuel prices could increase by up to 45% during Q1 2018/19, according to a recent report by Beltone Financial Holding.

Fitch: Egypt’s Energy Price Increase Show Commitment

Egypt's new budget and the decrease of electricity and fuel subsidies show that Egypt is committed to the fiscal consolidation as well as the economic reform, the rating agency Fitch Ratings stated.

Egypt to Reprice Electricity Following Increased Fuel Quota

The Electricity Ministry is repricing electricity following the increase in fuel prices as a result of the EGP flotation.

Egypt Plans to Increase Electricity Tariffs

The Egyptian Electricity and Renewable Energy Minister, Mohamed Shaker, announced that the government is to increase electricity tariffs for both residential and commercial consumption to counter balance the rise in ...

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