petroleum subsidies
Petroleum Minister denies news reports on increasing gasoline prices
Egypt
May 15, 2017
Petroleum Minister denies news reports on increasing gasoline prices
Petroleum Minister Tareq al-Mulla said the plan on subsidy restructuring was previously drawn to ensure that subsidies go to those…
Egypt petrol subsidy bill down 29% in 2015-2016
Business
September 25, 2016
Egypt petrol subsidy bill down 29% in 2015-2016
Egypt's spending on petroleum subsidies dropped by 28.7 percent in the 2015-16 financial year to compared to one year earlier,…
Microbus drivers block Ring Road
Egypt
March 10, 2013
Microbus drivers block Ring Road
Dozens of Microbus drivers continued to block a portion of the Ring Road in Maadi Sunday morning, protesting diesel shortages…
Oil subsidy reform still under review, says minister
Egypt
October 3, 2012
Oil subsidy reform still under review, says minister
Egypt is holding off on reform of its costly state energy subsidy regime until it completes more studies and holds…
Finance Minister: Budget will bear cost of raise in salaries and pensions
Business
July 2, 2012
Finance Minister: Budget will bear cost of raise in salaries and pensions
Finance Minister Momtaz al-Saeed has said that the state budget will bear the cost of the social allowance for salaries…
Central Bank demands restructuring of energy subsidies
Business
May 29, 2012
Central Bank demands restructuring of energy subsidies
The deputy governor of the Central Bank of Egypt has called for the restructuring of energy subsidies, which are a…
Govt to reduce petroleum subsidies
Business
July 1, 2011
Govt to reduce petroleum subsidies
The Petroleum and Solidarity and Social Justice ministries are scheduled to begin reducing petroleum product subsidies in July. The plan…
Rising cost of petroleum subsidies may strain state budget
Business
May 6, 2011
Rising cost of petroleum subsidies may strain state budget
Petroleum Minister Abdallah Ghorab said petroleum subsidies could exceed LE100 billion in the fiscal year that starts in July due…
Parliament rejects gas price increase
Business
June 10, 2010
Parliament rejects gas price increase
Parliament's planning and budget committee has rejected proposals by a number of MPs to raise the price of subsidized 92…