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Egypt holds prices of petrol, diesel in quarterly reveiw
The committee also decided to keep the diesel price at EGP 6.75 per liter and hold the selling price of diesel tonnes for non-electricity and bakery uses at EGP 4250 per tonne.
Fuel subsidy cut to hike prices by 20-30%: economic experts
The price of a litre of octane petrol 92 increased to EGP 8, up from EGP 6.75. Moreover, the price of octane petrol 80 and diesel fuel both increased from EGP 5.50 to EGP 6.75.
MSMEDA signs 2 contracts of EGP 20m to convert 4,000 cars from operating on diesel fuel to CNG
Agency injected EGP 152m in past years to convert 30,500 cars, including 25,500 transport cars, 5,000 passenger cars
Fuel imports costs $450m monthly
Gasoline, diesel, butane account for largest part of imports, imports will be cut in 2019, as several new refining units in Egypt spring into action
Stuttgart to introduce diesel driving ban in 2019
Egypt consumes 275,000 tonnes of diesel per week: Ezz El Regal
Egypt’s crude oil production increased to 661 bpd
New analysis reveals deadly scale of diesel emissions
UK car industry defends diesel
Egypt to receive diesel shipment from Aramco
Egypt is set to receive a diesel shipment as part of its petroleum products agreement with Saudi Arabia’s Aramco this weekend. Head of the Egyptian General Petroleum Corporation (EGPC), Abed Ezz El Regal, said that the agreement with Aramco includes committing to the timetable of shipments. He added that four shipments of fuel, including two …
EGPC diesel reserves cover needs of domestic market for 5 days
Aramco supplies Egypt with 12 diesel shipments a month
Renewable energy targets may have increased emissions
A recent study found that some biofuels produce three times the emissions of diesel, justifying an about-face in European Union policy in 2012. But biofuel companies say they are being punished based on bad science.
Black market in dollars and diesel thrives at Libya’s cost
Like much else in Libya, the financial system has broken down. Corruption is endemic throughout the economy, while smuggling hard currency and diesel have become lucrative businesses. Nancy Porsia reports from Tripoli.
VW gets green light for ‘simple refit’ of diesel cars in Europe
Germany’s vehicle safety regulator KBA has accepted Volkswagen’s proposed repairs for its emissions-cheating EA189 diesel engines in Europe, allowing the carmaker to apply an inexpensive refit to lower emissions
US regulators accuse VW of using software to cheat emission tests on big-engine VW, Audi and Porsche cars
US regulators said Monday Volkswagen’s cars with larger diesel engines were also found to have violated the country’s pollution rules.
Power crisis threatens industrial sector
Daily reduction of 725m cubic feet of gas at factories; gas supply to EBIC, Alexandria Fertilizers, and Egyptian Fertilizers stopped
Petroleum ministry proposes petrochemical projects worth $540m to UAE
Egypt has proposed three petrochemical projects to the UAE for a total investment of $540m, according to a senior official at the Ministry of Petroleum. The projects included establishing a factory to produce bio-ethanol from molasses, the output of which would reach 100,000 tonnes of molasses annually, with investment in the project totalling $250m. The …
Fuel consumption rates stabilise in domestic market after implementation of price increases
This follows a surprise increase in consumption took place on Friday following the announcement that fuel prices would increase.
Cruise prices to double due to diesel price hike: Tourism ministry official
Ministry official says the increase follows a diesel fuel price rise from EGP 1.10 to EGP 1.8 per litre
Government unlikely to succeed in price control efforts: Former IMF official
Government cutting energy subsidies, preparing diesel and gasoline price increases, likely to exacerbate suffering of 26% of Egyptians under poverty line
Timing ‘inappropriate’ for subsidies removal: Hotels chamber
Removing diesel subsidies from November onward would pose extra burden on already suffering tourism sector, says deputy chairman of Chambers of Hotels
Removal of diesel subsidies for tourism sector to begin in November: Tourism minister
Government hopes to remove diesel subsidies in early November in two stages; hotels and tourist transportation companies to receive diesel at actual price of EGP 5.35
Ministry of Tourism, E-Finance to provide diesel fuel smartcards for hotels, transportation companies
The tourism sector receives diesel fuel at EGP 1.10 per liter, and this price will rise to EGP 5.35 once subsides are removed, according to the official.
Electricity theft, technical losses reach EGP 8bn annually: Ministry of Electricity
Ministries of Electricity and Petroleum have launched initiative to reduce 20% of electricity consumed annually and thereby decrease energy deficit
UAE, Saudi Arabia provide Egypt with $2.6bn in grants in Q1 2014
Egypt has made various offers to the UAE, Saudi Arabia and Kuwait regarding a number of projects, including the establishment of laboratories for refinement areas in Ain Sokhna, the North Coast, Alexandria and Upper Egypt.
EGAS cuts 500m square feet of fuel from factories’ total needs
EGAS to no longer pump gas to EDCO factory
Petroleum Ministry responds to reduction of natural gas supply to cement factories
Ministry says 77% of natural gas and diesel supply were delivered to cement factories in January and February
Sumed establishing 200k tonne capacity diesel storage stations
The route is considered an alternative to the Suez Canal when transporting petrol from the Arabian Gulf to the coast of the Mediterranean Sea.
Egyptian crackdown on fuel smuggling to Gaza continues
Army says it destroyed several underground tanks containing over 300,000 litres of diesel
Second stage of smartcard programme set for 1 August
The most recent statistics coming from the Egyptian General Petroleum Company show that the number of private and public registered fuel stations throughout the country totaled 2,700 by the end of 2011.
A solution for Egypt’s fuel crisis?
The recurring petrol and diesel crises have left Egypt’s streets paralysed and the people angry. Despite the continuity of the diesel crisis throughout the past months, the petrol crisis is primarily affecting Egyptians from middle and upper classes, a phenomenon unprecedented on the current scale. The government has promised the crisis will end once the new smartcard system is in effect. The Daily News Egypt reviews the new system and asks people about the system’s feasibility and convenience to their needs.