Prime Minister Mostafa Madbouly ordered the concerned ministries to install water-saving tap devices in all housing units.
The fund-to-be aims to increase consumer capabilities among citizens, he said during the inauguration of a number of national projects earlier today.
The Cabinet announced Sunday that the expenditure of citizens on medical products increased by 80 percent due to the outbreak of COVID-19.
This is part of a plan to substitute all traditional meters across Egypt with prepaid ones within 5 years.
CAPMAS added in a report that the consumption of oil and natural gas also declined to 6.6 million tons in July on a year-on-year basis.
The Supreme Council for Planning and Urban Development approved on Tuesday the establishment of the National Project for Poultry Investment across nine zones.
He added that the average sugar consumption ranges between 230,000 to 240,000 tons per month.
he consumption of the high quality 95-octane fuel has increased to around 350-400 tons daily, a source in the petroleum sector said Wednesday.
Normal consumption rates do not exceed 37,000 tons a day.
Egypt’s production of natural gas increased in December 2017 to reach 3.4 million tons, up from 2.7 million tons in December 2016.
Consumption of diesel declined in December 2017 by around 57,000 tons, compared to the same month a year earlier.
The companies aim to refine around 16 million tons of crude in 2018/19 to help satisfy domestic needs from petroleum products.
The drop is attributed to a decline in the area of cultivated cotton.
The Petroleum Ministry announced a plan to completely settle the dues before the end of 2020.
Diesel consumption in the same period was 3.419 million tonnes compared with 3.680 million tonnes a year before.
The Mediterranean’s largest gas field Zohr will start production in the second half of November.
Moody’s predicts growth to pick up to 4.5 percent in fiscal year (FY) 2017/2018, from 4.0 percent in FY 2016/2017.
Euro zone governments should cut taxes on labor and offset the dip in revenues by shifting taxation to houses or consumption, the European Commission said.
Contracted sugar quantities are now being received by public sector companies for refinement and it will be sold on the market for LE 9.5 per kilo.
The government will provide incentives for farmers whether through subsidizing grains, fertilizers or fair prices for wheat export.