subsidies | Egypt Oil & Gas
State Bears EGP 11 B Monthly in Fuel Subsidies Despite Price Increase
In light of what has been announced regarding the new prices for petroleum products, effective from Friday, April 11, 2025, at six o’clock in the morning. It is worth noting that despite the recent price increas...
Madbouly: MoPMR to Settle 20%-25% Arrears in a Week
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 Resources...
Egypt’s Petroleum Subsidies Stand at EGP 28B in 2022/23 Budget
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 18.411 b... Egypt’s Biggest Budget Sees EGP 52.9 B Petroleum Subsidies
Petroleum product subsidies have been set at EGP 52.9 billion in the public budget for fiscal year (FY) 2019/20, decreasing by EGP 35 billion, around 39.8%, compared to the previous year. The House of Representatives ...
Egypt to Cut Petroleum Subsidies by 42% in FY 2019/20
The Egyptian government decided to decrease petroleum subsidies by 42% in the budget plan for fiscal year (FY) 2019/20, sources told Al Borsa News. Egypt allocated around EGP 52 billion in subsiding petroleum products...
Electricity Sector to Pay Down Debts to Petroleum Ministry over Five Years
The Egyptian Ministry of Electricity is set to pay down the total debts to the Ministry of Petroleum within five years, Minister of Electricity Mohamed Shaker told Al Borsa. The Ministry of Electricity has accumulated...
MPs Question Gas Price Increases
Parliament members 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 prices,...
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, according to a document released by the Ministry of Electricity. Households will se...
