Houthi drone attack sets UAE fuel tanks ablaze, kills 3

Mon, 17 Jan 2022 - 01:43 GMT

Abu Dhabi police announced that the fire had been contained, and that the victims are two Indians and a Pakistani, as reported by Sky News Arabia.

Egypt's imports of gasoline, diesel fall 30%

Mon, 18 Oct 2021 - 12:32 GMT

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 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's Cabinet denies increasing fees of public transportation

Sat, 24 Jul 2021 - 12:26 GMT

The center in a statement said that it has contacted the Ministry of Local Development which denied the reports and said they were inaccurate.

Egypt increases fuel prices

Fri, 23 Apr 2021 - 08:31 GMT

Egypt's Fuel Automatic Pricing Committee (FAPC) said the per-liter prices of 80-octane, 92-octane, and 95-octane gasoline will be sold at LE 6.50, LE 7.75, and LE 8.75, respectively.

Egypt to not need liquid fuel imports by 2023: petroleum minister

Mon, 15 Mar 2021 - 11:22 GMT

Minister of Petroleum and Mineral Resources Tarek al-Mulla stated that Egypt will not need to import liquid fuel by 2023.

Petroleum, tourism ministries agree on jet fuel price cut

Wed, 13 Jan 2021 - 03:50 GMT

During a meeting with Minister of Tourism and Antiquities Khaled el-Anani Wednesday, el-Molla said the new drive will be effective as of Jan.21 till the end of 2021.

Cabinet to convert 2.3K public buses to run on natural gas

Sat, 02 Jan 2021 - 02:31 GMT

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.

Egypt achieves $1B in annual savings in fuel consumption

Mon, 14 Dec 2020 - 07:38 GMT

Shaker explained that, within 4 years, 28 thousand megawatts were added, through a plan that relied on 3 axes, namely the construction of new stations, the development of existing stations, and the maintenance of stations.

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.

The Way to self-sufficiency, sustainability through bioenergy

Fri, 04 Sep 2020 - 12:35 GMT

In spite of the increasing care given to renewable energy, particularly solar and wind, bioenergy is still overlooked.

Egypt witnesses convert of 42K cars to work in dual fuels in 2019/20

Sun, 19 Jul 2020 - 03:21 GMT

Molla said in a statement that the total number of cars that have been converted since the start of activity has reached about 320,000 cars.

Egypt’s fuel imports decline 76% in April 2020

Mon, 13 Jul 2020 - 02:37 GMT

Additionally, crude oil imports have amounted to $119.93 million in April, compared to $227.33 million in April 2019, with a noticeable decline of about $107.940 million.

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's fuel subsidy bill drops 65% in 9 months through March: official

Sun, 10 May 2020 - 01:08 GMT

Egypt spent LE 60.1 billion on fuel subsidies in the same period a year earlier.

Egypt to cut fuel subsidies, increase net debt issuance in 2020/21 budget

Wed, 22 Apr 2020 - 04:10 GMT

Egypt plans to cut spending on fuel subsidies by 47% in its 2020/21 budget to 28.193 billion Egyptian pounds ($1.8 billion), an explanatory note for its draft budget published on Tuesday showed.

IMF expert lauds decision reducing fuel products prices in Egypt

Fri, 04 Oct 2019 - 11:29 GMT

International Monetary Fund expert (IMF) Subir Lall on Friday lauded a decision by the Egyptian fuel automatic pricing committee to reduce fuel products by 25 piasters.

Construction of BOO system wind farm to start in October

Sun, 04 Aug 2019 - 02:19 GMT

The estimated cost of the project is $325 million, and it is expected to generate 2 billion kWH annually.

652 complaints on pricing violations raised amid final fuel subsidies cut

Sat, 13 Jul 2019 - 11:27 GMT

Thirty-five complaints had been raised by citizens even before the cut took place.

Bloomberg predicts slight impact on Egypt's inflation rate after fuel price raise

Thu, 11 Jul 2019 - 03:31 GMT

CAPMAS said that the monthly rate decreased due to the decrease in prices of food by 2.3 percent last month in comparison to the previous month.