Fuel Prices

Govt committee reduces fuel prices
Economy

Govt committee reduces fuel prices

The Committee on Automatic Pricing of Petroleum Products, which reviews and determines the prices of some petroleum products on a…
Egypt’s inflation rate sees 1.5% increase in July: CAPMAS
Business

Egypt’s inflation rate sees 1.5% increase in July: CAPMAS

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) said on Thursday that the country’s inflation rate increased by 1.5 percent…
Oil loses ground on jitters over economy, hint of MidEast tensions easing
Middle East

Oil loses ground on jitters over economy, hint of MidEast tensions easing

TOKYO (Reuters) – Oil prices fell on Monday as investors fretted over the outlook for global economic growth, while weekend…
Qatar Petroleum buys stake in Total’s Guyana assets
Middle East

Qatar Petroleum buys stake in Total’s Guyana assets

DUBAI (Reuters) – Qatar Petroleum said on Monday it had agreed a deal with Total (TOTF.PA) to acquire a stake…
Minya Textile Factory workers continue strike for 4th day
Egypt

Minya Textile Factory workers continue strike for 4th day

Workers at the Minya Textile Factory continued their strike on Thursday for the fourth day in a row to demand…
Prices of octane 95 petrol in Egypt remains LE7.75 per liter
Egypt

Prices of octane 95 petrol in Egypt remains LE7.75 per liter

A technical committee entrusted to the automatic pricing of octane 95 petrol decided on Monday not to raise its price…
Egypt links price of gasoline rated 95 to global price
Egypt

Egypt links price of gasoline rated 95 to global price

  The Egyptian government decided to link the sale price of the gasoline with 95 octane ratings to the world…
Egypt’s President Sisi jokes about Kiki challenge by asking Minister of Petroleum to raise fuel prices
Egypt

Egypt’s President Sisi jokes about Kiki challenge by asking Minister of Petroleum to raise fuel prices

  During the sixth National Youth Conference, President Abdel Fattah al-Sisi humorously commented on the Kiki dance challenge currently sweeping…
IMF advises Egypt to remove remaining fuel subsidies
Economy

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…
No fuel price hikes in current fiscal year: minister reiterates
Business

No fuel price hikes in current fiscal year: minister reiterates

Petroleum Minister Tarek al-Mulla reiterated on Thursday that the Cabinet does not plan to raise the prices of petroleum products…
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