fuel subsidies
Egypt’s parliament confirms reappointment of Amer as central bank governor
Egypt
November 29, 2019
Egypt’s parliament confirms reappointment of Amer as central bank governor
CAIRO, Nov 28 (Reuters) — Egypt’s parliament approved the appointment of central bank governor Tarek Amer to a second four-year…
Egypt to slash fuel subsidies as it nears end of IMF program
Egypt
April 6, 2019
Egypt to slash fuel subsidies as it nears end of IMF program
CAIRO (Reuters) – Egypt will remove subsidies on most energy products by June 15, it told the International Monetary Fund…
Govt to completely lift fuel subsidies in 2020: minister
Economy
January 8, 2019
Govt to completely lift fuel subsidies in 2020: minister
Subsidies on hydrocarbons will be completely canceled by the Egyptian government in 2020, Petroleum Minister Tarek al-Mulla said, adding that…
Govt aims to sell fuel at its cost price: official
Egypt
April 18, 2018
Govt aims to sell fuel at its cost price: official
Spokesman for the Petroleum Ministry Hamdy Abdel Aziz said that the government aims to increase domestic production of petroleum products…
Govt seeks to lift fuel subsidies: minister
Egypt
November 13, 2017
Govt seeks to lift fuel subsidies: minister
Minister of Petroleum, Tarek al-Mulla, said at a press conference on Sunday that the government intends to lift fuel subsidies while still…
No alternative to increasing fuel prices
Economy
June 14, 2017
No alternative to increasing fuel prices
An official source from the Ministry of Petroleum confirmed that there is no alternative to increasing fuel prices, especially since the…
Egypt is planning new cuts to energy subsidies, says Finance Minister
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…
More measures for lifting fuel subsidies, Petroleum Minister
Egypt
November 7, 2016
More measures for lifting fuel subsidies, Petroleum Minister
Egypt's Petroleum Minister Tarek El Molla said that total subsidies for petroleum products reached LE64 billion as a result of…
Cabinet to order more fuel-subsidy cuts as part of IMF plan: official
Egypt
October 19, 2016
Cabinet to order more fuel-subsidy cuts as part of IMF plan: official
The Cabinet is planning more cuts to fuel subsidies soon, in accordance to an agreement with the International Monetary Fund…
Higher budget deficit might force Egypt to introduce more austerity measures
Egypt
April 15, 2015
Higher budget deficit might force Egypt to introduce more austerity measures
The Ministry of Finance has submitted different scenarios for the Fiscal Year 2015/16 budget, none of which includes reduced fuel…