No increase in gas prices for factories: Minister

CAIRO – 29 June 2017: Prices of natural gas supplies to factories will not be increased, Minister of Industry Tarek Kabil said Thursday.

“This comes in line with government’s commitment to alleviate burden on the Egyptian manufacturers,” Kabil said in a statement.

Kabil added that his decision would attract more investments in the industrial sector.
The Cabinet imposed Thursday new increases to fuel price as the price of 80-octane gasoline soared from LE 1.60 ($0.08) to LE 3.65 per liter, while the 92-octane increased from LE 3.50 to LE 5.00 per liter.

New prices for natural gas piped into households and commercial sector will be applied as well.

Residential and commercial consumers of less than 30 cubic meters will pay LE 1 ($0.5) per cubic meter, while consumption bracket between 30-60 cubic meters will pay LE 1.75 per cubic meter, and the bracket above 60 cubic meters will pay LE2.25.

Prime Minister Sherif Ismail also announced that new electricity tariffs will be applied in July, to be collected on August power bills.

Tags: Prime Minister, Sherif Ismail, Minister of Industry, Tarek Kabil, Minister of Petroleum, Tarek El-Molla, Natural Gas, Fuel Prices, Households, Commercial Sector