Gasoline

Egypt mulls canceling circulation of Octane 80 gasoline

Sun, 17 Oct 2021 - 02:36 GMT

Mulla noted in a panel discussion held by the Egyptian Petroleum Association that Octane 80 is no longer considered a good-quality fuel.

'Egypt has the lowest gasoline prices in the region': Petroleum Ministry spox

Sun, 10 Oct 2021 - 09:41 GMT

Abdel Aziz explained that diesel prices have not been increased because any price rises can affect public transport fares and the costs of goods transportation.

Govt denies rumors on increasing prices of basic commodities due to increase of gasoline prices

Tue, 27 Apr 2021 - 01:02 GMT

The Ministry of Supply said that the news is void of truth, the center said in a statement on Tuesday.

Egypt's govt denies rumors on increasing prices of basic commodities due to increase of gasoline prices

Tue, 27 Apr 2021 - 11:41 GMT

The Ministry of Supply said that the news is void of truth, the center said in a statement on Tuesday.

Egypt keeps fuel prices unchanged until December

Wed, 07 Oct 2020 - 09:05 GMT

Egypt's Fuel Automatic Pricing Committee (FAPC) has decided at its meeting held after the end of September to keep gasoline and diesel prices in the local market unchanged till December.

Egypt keeps gasoline, diesel prices unchanged till September

Thu, 09 Jul 2020 - 09:38 GMT

Diesel fuel prices also remained untouched at LE 6.75 per litre.

Egypt to float 95 gasoline to international prices in March: Bloomberg

Tue, 25 Dec 2018 - 01:15 GMT

“That grade of gasoline is one which is no longer subsidized. It also plans to announce the mechanism for the other grades in June, after lifting the subsidies, to implement the move in September."

Supply worries lift oil prices as U.S. renews sanctions on Iran

Thu, 09 Aug 2018 - 08:53 GMT

Brent crude futures were up 20 cents, or 0.3 percent, at $72.48 barrel by 0644 GMT, following a decline of more than 3 percent on Wednesday.

Egypt raises fuel prices for 4th time as part of IMF deal

Sat, 16 Jun 2018 - 08:10 GMT

Egypt has raised fuel prices to meet IMF loan's terms that entail the complete removal of fuel subsidies.

Fuel prices push annual US consumer inflation to six-year high in May

Tue, 12 Jun 2018 - 10:10 GMT

Sharp increases in prices for gasoline, fuel oil, shelter and medical care helped send a key measure of US inflation to a six-year high in May.

Jordan freezes gasoline price hike after wave of protests

Sat, 02 Jun 2018 - 11:25 GMT

Jordan put an imminent increase in gasoline prices on hold on Friday after public anger about tax hikes recommended by the IMF spilled into the streets this week.

Gasoline and diesel consumption down 2-3%, subsidy bill hits LE 110B

Thu, 12 Apr 2018 - 03:10 GMT

The price of oil in the new budget is set at $67 per barrel, Minister of Finance said.

Gasoline, rents seen lifting U.S. monthly CPI; annual rates to slow

Wed, 14 Feb 2018 - 08:42 GMT

U.S. consumer prices likely increased solidly in January, boosted by rising gasoline and rents.

Egypt to boost its petrol production by 11M tons in 4 years

Tue, 06 Feb 2018 - 10:57 GMT

The Petroleum Ministry is executing 7 projects to develop and expand refineries, with LE 8.3 billion investments.

Saudi king orders new allowances to offset rising cost of living

Sat, 06 Jan 2018 - 11:02 GMT

Saudi King Salman on Saturday ordered a monthly payment of 1,000 riyals to state employees over the next year in compensation for rising cost of living.

China halts oil product exports to North Korea in November

Tue, 26 Dec 2017 - 08:38 GMT

Tension has flared this year over North Korea’s nuclear and missile programs, pursued in defiance of years of U.N. resolutions.

Petroleum minister opens new storage, trading warehouse

Tue, 12 Dec 2017 - 11:34 GMT

The warehouse would have a storage capacity of 30 million liters of gasoline and diesel.

Petroleum exports increase 16.8% in Q1 of FY 2017/18

Sun, 10 Dec 2017 - 04:19 GMT

Petroleum exports amounted to $1.8 billion in the first quarter (July-September), compared to $1.5 billion at the same period last year.

Egypt to boost its petrol production to 28.5M tons annually

Sun, 03 Dec 2017 - 02:11 GMT

Egypt’s Petroleum Ministry aims to increase its annual production of gasoline, diesel butane gas and jet fuel by 11.6 million tons in the next four years.

Business news wrap-up

Wed, 01 Nov 2017 - 05:00 GMT

A wrap-up for the most prominent business news of the day.

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