Prime Minister Mostafa Madbouly instructed Minister of Petroleum and Mineral Resources Tarek El Molla and Minister of Finance Mohamed Maait to begin paying 20% to 25% of the Ministry of Petroleum and Mineral Resou ...
The state’s draft general budget for fiscal year (FY) 2022/23 allocated an estimated EGP 28.094 billion for petroleum subsidies, 52.6% more than petroleum subsidies in the 2021/22 budget which amounted to EGP 18.4 ...
Petroleum product subsidies have been decreased by nearly 40% to EGP 52.9 billion in the public budget for fiscal year 2019/2020.
The Egyptian government decided decreasing petroleum products subsidies by 42% in the budget plan of fiscal year (FY) 2019/20.
The Egyptian electricity sector is set to pay down the total debts to the Ministry of Petroleum within five years.
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 ...
Electricity prices will increase by an average of 26% on July 1 as subsidy cuts included in the 2018/19 fiscal budget are introduced.
The Egyptian government announced in an official document that fuel imports cost $75 per barrel.
The Egyptian government is determined to complete the energy subsidies’ reforms within the framework of the economic reform program agreed upon with the International Monetary Fund (IMF).
Debts owed by the Egyptian energy sector have reached around EGP 800 billion.
