Gulf Oil and Gas accountACCOUNT

Forty percent increase in gasoline prices in Egypt

Source: www.oilegypt.com 2/3/2005, Location: Africa

Share |
Cairo, 3 Feb. 2005, 90 octane Gasoline is no longer available in gas stations in Egypt starting from today. Gasoline 90 price was fixed around 1.00 LE (17 Cents) per liter for many years. Egyptians consumers are used to this pricing level despite its high value compared to the average income in Egypt. Gasoline 92 is the only choice available right now to Egyptian consumers at LE 1.40 (24 cent) per liter.

The Egyptian government was forced to apply this 40% increase, which in a way is justified by slightly higher octane not required by the most of Egyptian Consumers in order to cope with the continuous increase of the oil prices worldwide.


Financials and Investment News in Egypt >>

Tanzania >>  10/4/2018 - The Company announces that, as a result of payment defaults by Bounty Oil & Gas NL (“Bounty”) under the joint operating agreements relating to the Kil...
Niger >>  9/28/2018 - Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to announce...

Ireland >>  9/26/2018 - The Directors of Petrel are pleased to announce that the Company has raised £400,000 (before expenses) via the placing of 21,621,622 ordinary shares (...
Egypt >>  9/25/2014 - Egypt's state-run Egyptian General Petroleum Corporation (EGPC) declared that Egypt received a share of the foreign partner’s oil and gas revenues of ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

More News

 

Oil & Gas Companies in Egypt >>


Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.