The slight increase in in petrol prices follows a small reduction observed in the previous month, as reported by UAE media outlets
This came during the meeting of the Egyptian Fuel Automatic Pricing Committee (FAPC) on Wednesday.
The plan aims to achieve the economic optimum benefit from Egypt’s wealth of natural gas, and to maximize the added value thereof.
Egypt’s Fuel Automatic Pricing Committee decided Friday to increase the prices of gasoline in the local market by 25 piastres per liter, the Ministry of Petroleum announced.
The capacities of the petroleum product lines increased by 90 percent, at 122 million tons annually, and an 85 percent increase in the ports’ capacity, 45 percent in the storage capacities of petroleum products.
Egypt's Fuel Automatic Pricing Committee decided to raise gasoline prices by 25 piasters per liter and to keep the prices of diesel and mazut unchanged until the end of September.
Ministry of Local Development revealed an enlarged plan was presented by Prime Minister Mostafa Madbouly to convert 2,300 public buses in Cairo and Alexandria over five years.
Both parties agreed to get involved in export targeting African and Arab markets given the many trade agreements Egypt is part of.
Volkswagen’s (VOWG_p.DE) cleanup of a diesel cheating scandal will cost it 5.5 billion euros ($6.25 bln) in 2018.
soaring profits for a third quarter free of massive payouts for diesel emissions cheating but the results were still weighed down by new pollution tests.
Normal consumption rates do not exceed 37,000 tons a day.
The price of oil in the new budget is set at $67 per barrel, Minister of Finance said.
A wrap-up of the most prominent business news of the day.
Consumption of diesel declined in December 2017 by around 57,000 tons, compared to the same month a year earlier.
The car-maker will announce it intends to phase out the fuel type from the cars across its brands, the FT said, citing people familiar with the company strategy.
The numbers behind Tesla Inc’s long-distance Semi electric trucks are close to making sense for haulers looking at a shift away from diesel.
Environmental group DUH has sued Stuttgart in Germany’s carmaking heartland, and Duesseldorf over levels of particulate matter exceeding European Union limits.
The Petroleum Ministry is executing 7 projects to develop and expand refineries, with LE 8.3 billion investments.
The U.S. Justice Department is seeking “substantial” civil fines from Fiat Chrysler Automobiles NV.
Volkswagen's supervisory board called for an immediate inquiry into who commissioned tests in which monkeys were exposed to toxic diesel fumes.