Egypt has assigned 145 billion Egyptian pounds ($8 billion) for fuel subsidies and 80 billion pounds for …
Tag:
fuel subsidies
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Financial Institutions
IMF backs Egypt plan to remove fuel subsidies in 3 years, ease inflation: official
by Yomna Yasserby Yomna YasserThe International Monetary Fund is encouraged by Egypt’s efforts to remove fuel subsidies within three years and …
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Industry & Trade
Egypt to lower fuel subsidies to 33 bln pounds in 2017/18 draft budget
by Yomna Yasserby Yomna YasserEgypt’s government will reduce spending on fuel subsidies to 33 billion Egyptian pounds in the 2017/18 draft …
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Industry & Trade
Egypt devaluation doubles fuel subsidy bill to 78bn pounds in first 9 months
by Yomna Yasserby Yomna YasserEgypt’s government spent 78 billion Egyptian pounds ($4.32 billion) on fuel subsidies in the first nine months …
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Egypt’s Finance Minister Amr al-Garhy announced Sunday the government is studying the application of new cuts to …
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Egypt News
Egypt plans to lift fuel subsidies within three years: sources
by Yomna Yasserby Yomna YasserEgypt is planning to lift fuel subsidies within three years and is aiming to increase fuel prices …
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Egypt News
Egypt to cut fuel subsidies as government seeks to reduce deficit
by Yomna Yasserby Yomna YasserEgypt is to reduce spending on fuel subsidies by nearly 43 percent in the 2016/17 budget due …
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Egypt News
Egypt is ‘suffering’ due to high fuel subsidies: oil minister
by Yomna Yasserby Yomna YasserEgypt’s petroleum minister stated Monday that the country is “suffering” due to fuel subsidies, saying these funds …
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Egypt News
Oil price drop spurs Egypt fuel subsidy phase-out once more
by Yomna Yasserby Yomna YasserThe continued collapse in oil prices will encourage Egyptian government to slash fuel subsidies once more to …
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Egypt has earmarked 61 billion Egyptian pounds ($8 billion) for fuel product subsidies in the draft 2015/2016 …