Fuel price increase
Prime Minister Sherif Ismail
Cairo - MENA
It was necessary to increase the fuel prices, otherwise the subsidy of petroleum products would hit 150 billion pounds, Prime Minister Sherif Ismail said.
Egypt's total subsidy is expected to reach 333 billion pounds in the 2017-2018 fiscal year compared to 270 billion pounds in the current fiscal year, the premier noted.
Ismail revealed the government's plan to decrease the budget deficit to 9.1 percent from the current 10.8 percent.
He said the government also seeks to reduce public debt to 95% of the gross domestic product in the new budget.
The single butane gas cylinder costs the state 115 pounds, while the citizen pays only 15 pounds to get it, so it necessary to increase its price to 30 pounds, the prime minister added.
Source: MENA
GMT 09:28 2018 Sunday ,21 October
West Nile Delta oil well begins productionGMT 15:22 2017 Tuesday ,19 December
400 Km added to national gas networkGMT 14:24 2017 Thursday ,19 October
Electricity minister meets US delegation to discuss cooperationGMT 14:31 2017 Wednesday ,11 October
EGP 483bln paid to establish 3 power plants, says min.GMT 18:14 2017 Monday ,25 September
Egypt, Britain discuss means to boost cooperation in petroleumRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 10:14 2019 Monday ,19 August
Love a special date with you
GMT 03:30 2014 Thursday ,30 October
SodaStream to close controversial West Bank plant
GMT 09:45 2021 Friday ,21 May
test
GMT 17:10 2017 Tuesday ,31 October
Samsung Electronics posts record Q3 profits, replaces CEOs
GMT 12:59 2017 Thursday ,07 December
Climate change: can hummingbirds take the heat?
GMT 08:16 2018 Friday ,09 November
Russia’s Aurus cars to be showcased during Geneva Motor Show
GMT 23:06 2013 Thursday ,25 July
FAA tells airlines to remove or inspect 787 beacons
GMT 18:24 2016 Wednesday ,07 September
Israeli Military Vehicles Make Limited Incursion into Southern Gaza Strip
GMT 07:19 2017 Tuesday ,24 January
Egyptian business delegation to visit U.S in April
GMT 07:55 2017 Sunday ,03 December
Over 25 persons killed in booby-trapped houses,west of Anbar
GMT 09:50 2017 Wednesday ,02 August
Top three yoga poses activity of the brain
GMT 07:54 2018 Wednesday ,31 October
Syria participates in Global Parliamentary Summit against Hunger and Malnutrition, Madrid
GMT 11:43 2018 Sunday ,16 September
Arab Coalition detects evidence of Houthis' burning of petrol station, relief warehouse in 'Kilo 16' area
GMT 03:14 2016 Tuesday ,20 December
Egypt bourse gains EGP 10.6bn at the close of Monday
GMT 12:55 2017 Tuesday ,25 July
Russia records six violations of ceasefire in Syria
GMT 03:39 2013 Tuesday ,27 August
Holy casting controversy: Ben Affleck is Batman!GMT 14:48 2010 Thursday ,30 September
Just for kicks
GMT 08:21 2018 Tuesday ,23 January
Chinese fans fear crackdown on hip hop
GMT 12:13 2017 Friday ,29 December
Parliamentarian: Gaddafi’s son has right to run for presidencyGMT 00:11 2012 Thursday ,12 January
Two words in Morse code show defiance to Führer of PoW
GMT 15:26 2017 Monday ,17 April
Accor Hotels appoint first female Saudi hotel manager
GMT 11:37 2017 Saturday ,09 September
Etihad Airways Launches 'Runway To Runway' Fashion Film
GMT 15:13 2017 Monday ,18 December
Atlanta airport, world's busiest, struggles after power cut
GMT 07:30 2017 Thursday ,16 November
Why electric vehicles are here to stay
GMT 07:09 2017 Thursday ,09 November
Al Ameri happy for winning match
GMT 11:00 2018 Wednesday ,17 October
EU car sales slump in September as a result of new emissions rules
GMT 15:03 2018 Sunday ,07 October
Youth theatre fest launched by Dubai Culture
GMT 11:31 2018 Wednesday ,03 October
Twitter allows publishers to monetise video views globally
GMT 21:31 2015 Friday ,09 January
Cyprus Airways stops flying after EU ruling
GMT 19:17 2016 Monday ,11 April
Bait Al Zakat continues to support poor people
GMT 10:40 2018 Monday ,24 September
South Korea-Japan summit to be held
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor