Egypt’s fuel subsidies

May 29, 2024

Egypt to lift fuel subsidies within 4 years: Official

Egyptian Cabinet spokesperson Mohamed al-Hommosany announced that the government has devised a plan to gradually lift electricity subsidies within four…

Business

December 9, 2019

Egypt’s fuel subsidy bill drops by 69% year on year July-Sept: Minister

CAIRO, Dec 8 (Reuters) – Egypt’s spending on fuel subsidies dropped by about 69 percent year on year to 7.25…

Egypt

January 28, 2019

Egypt’s govt postpones abolishing electricity subsidies to 2022

Electricity Minister Mohammed Shaker announced Sunday that the lifting of electricity subsidies has been postponed from the 2018-2019 fiscal…

Business

June 17, 2018

After fuel prices increase, Prime Minister announces new transportation tariff

Prime Minister Mostafa Madbouli held a lengthy meeting on Saturday via video conference with the governors from the Cabinet…

Economy

January 24, 2018

IMF advises Egypt to remove remaining fuel subsidies

In the International Monetary Fund’s (IMF) latest Regional Economic Outlook on Egypt that was released on Tuesday, the international lender…

Business

January 16, 2017

Egypt is planning new cuts to energy subsidies, says Finance Minister

Egypt's Finance Minister Amr al-Garhy said on Sunday the government is studying the application of new cuts to fuel subsidies. The…

Egypt

September 6, 2016

Governorates report butane shortage ahead of Eid al-Adha

The governorates of Minya and Sharqiya were hit by a shortage of butane gas cylinders on Monday, with prices doubling…

Business

August 23, 2016

Egypt plans to end fuel subsidies within three years

Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65 percent of…

Egypt

June 20, 2015

UPDATE: Egypt earmarks $8 bn for fuel subsidies in 2015/2016

Egypt has earmarked LE61 billion ($8 billion) for fuel product subsidies in the draft 2015/2016 budget, Tarek El Molla, chairman…