LPG investors ask for higher commission

CAIRO – 30 July 2017: Liquefied petroleum gas (LPG) Investors Association wants to increase their commission of filling butane gas cylinders, head of the association Mohamed Saad El-Din Ibrahim said Saturday.

Speaking to Egypt Today, Ibrahim explained the investors seek an increase to LE 2.5 per cylinder up from the current level of LE 1.60, to ease burdens they endured after raising fuel prices.

Ibrahim said they filed an official request to the Minister of Petroleum Tarek El-Molla to study the action.

There are 40 private sector companies working in packing LPG cylinders, representing 55 percent of the market.

The government increased in late June the fuel prices, where the price of 80-octane gasoline soared from LE 1.60 ($0.08) to LE 3.65 ($0.20) per litre, while 92-octane increased from LE 3.50 ($0.19) to LE 5.00 ($0.28) per litre.

Prices of LPG cylinders were also increased from LE 15 per cylinder to LE 30, representing 100 percent hike.