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Limited impact on inflation, which remains in CBE target zone, despite expected pressures
Egypt imports 50% of its diesel and LPG needs, 25% of petrol
Fuel prices fall by 25 piastres due to ongoing coronavirus pandemic which has dented oil prices
It added that the price of Portland cement recorded a decline in February 2019 to EGP 850 per tonne. This marked an 8% decrease on the same month in 2018.
Subsidies in current fiscal year are EGP 33.5bn
Law allows government to adjust power prices and bear cost difference
Egyptian member of parliament believe fair gas prices for factories is $3.5-4.5 per million British Thermal units
Initial features indicate slight increase in prices, not affecting low-income
Interest rates to slightly decrease by end of FY2019/20, says report
Brent rise will not affect Egypt, thanks to hedging mechanism: Source
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.
Brent rate increased by 1.5% on Friday after OPEC’s agreement to further reduce production
Decline in global demand for oil threatens to OPEC’s plans to cut production, says Youssef
US cuts gas rigs to 144, as production reaches 2.39trn scf
A government source told Daily News Egypt that the government has fixed the prices of petroleum products, in parallel with fixing the value of hedging against price fluctuations, which protects the state budget from bearing any additional burdens.
New tariff set at EGP 3.5 per kW for electricity, EGP 25 per tonne for water
Car prices will not be affected by “liberalisation of customs exchange rate,” says Aboul Magd
Dues on water companies reached EGP 9bn until 30 June, says Raslan
Prices of the company’s products to increase by EGP 1 after the approval of new tax, says Fouad
Renewal of hedging contracts every 3 months with review of oil value in markets: Source
Price recovery backed by supply tightening, future disruptions due to Gulf tensions, says IHS Markit
In Egypt, economic challenges since 2016 forced the people to adapt to price hikes. From an economic standpoint, the rising prices drive customer demand lower. To cope, Egyptians are struggling to cut their expenses and find alternatives to pricey commodities and services.
A number of private newspaper also increased cost of their publications including, Al-Masry Al-Youm, Al-Shorouk, and Youm7
EGP 17bn proceeds of Electricity sector from price increases
EGP 1.14 per kW/h for LV consumers, EGP 0.75 for UHV consumers
Companies offered EGP 17-20 per metre square of water, government requested EGP 7
Renewal is essential to secure subsidy allocations from price changes, says El-Molla
Real estate prices in the Egyptian market have hiked by an average of 75% since the floatation of the Egyptian pound till now, according to Mahmoud Abdel Halim, chairperson of MREC for Integrated Real Estate Services. Abdel Halim noted in a press statement on Thursday that the price spikes in some projects and regions reached …
Perception of insecurity remains concern in region
We cannot predict oil price due to political fluctuations, says OPEC