fuel subsidies

Train fares to not change after final fuel subsidies cut

Sat, 06 Jul 2019 - 09:33 GMT

The train fares will not change any time soon following the increase of fuel prices, Chairman of the Egyptian Railway Authority (ERA) Ashraf Raslan told Egypt Today.

Egypt lifts fuel subsidies completely, announces new prices

Fri, 05 Jul 2019 - 08:05 GMT

The government announced the new prices of fuel gasoline 95 according to the automatic pricing mechanism that was approved in January at LE 9 per liter.

Gov’t forms operation rooms ahead of imminent fuel price hike

Thu, 04 Jul 2019 - 11:19 GMT

Ministry of Petroleum is expected to announce new prices of octane gasoline 95 in accordance with the automatic pricing mechanism that was approved in January.

How lifting fuel subsidies can help achieve social justice

Thu, 04 Jul 2019 - 07:56 GMT

The minister said the total cost of oil products subsidy over the past 5 years hit LE 517 billion.

Businessmen say fuel subsidy removal serves low income segments

Wed, 03 Jul 2019 - 12:59 GMT

Two businessmen said they endorse the state's step towards removing the last segment of fuel subsidies.

Egypt spent $3.51B on fuel subsidies in 1st 9M of FY 2018/19

Tue, 07 May 2019 - 11:08 GMT

Egypt has been reducing fuel subsidies as part of an IMF-backed reform program that began in 2016, and is due to remove subsidies on most energy products by June.

Egypt's new government will continue fuel subsidy reform: Moody's

Thu, 21 Jun 2018 - 02:46 GMT

The price hike will help Egypt meet the agreed target for a fiscal deficit of 8.4 percent of GDP in fiscal 2018/19.

Egypt cancels smart cards, fuel subsidies end next year

Wed, 20 Jun 2018 - 12:58 GMT

The government is working in the coming period to purify gasoline 80 to reach 87 within the modernization plan.

Egypt to receive $2B from IMF after program review in June

Mon, 26 Feb 2018 - 02:13 GMT

Removing all fuel subsidies except for LPG by FY 2018/19 and will shield the budget from fluctuations in oil prices, IMF's regional director told Egypt Today

Egypt's annual urban inflation soars 30%, monthly rate eases

Thu, 09 Mar 2017 - 08:35 GMT

Egypt's annual urban consumer inflation jumped to 30.2 percent in February from 28.1 percent in January, the highest in 30 years.