Fuel
Egypt's Energy Strategy 2040, which was approved by the Cabinet after its amendment, aims to produce 68,000 megawatts of renewable energy, whether solar, wind or water, said Salmawy.
These adjustments reflect significant increases since the beginning of the year, with diesel prices rising by 63 percent and octane prices by over 30 percent.
The new price list was issued Thursday.
Minister of Finance Mohamed Mait considered subsidizing fuel a "crime."
Egypt does not own facilities for liquefying natural gas, a process known as liquefaction, having previously operated a floating station in Ain Sokhna for gas imports before 2018. Egypt utilizes gas to fuel power plants as well as for cooling operations.
This comes after the increase was postponed multiple times.
Head of the State Information Service (SIS) Diaa Rashwan detailed Tuesday the size of aid that entered Gaza since the outbreak of fighting on October 7 through Egypt's Rafah Border Crossing.
Around 150,000 liters of diesel have entered to Gaza through the Rafah border crossing amid Egyptian efforts to resume the flow of fuel to the war-battered strip.
Minister of Petroleum, Tarek El Molla, issued the decision for the new pricing to be implemented from Friday morning.
Head of the Suez Canal Economic Zone, Walid Gamal El-Din, revealed that the zone has received more applications from companies wishing to participate in ship bunkering operations in the ports affiliated with the Suez Canal Economic Zone, whether with fossil fuels or green fuels.
It is the beginning to turn Egypt into a hub of green marine fuels.
Egyptian Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, confirmed that Egypt aims to reach 60 percent of dependence on renewable energy by 2040.
The slight increase in in petrol prices follows a small reduction observed in the previous month, as reported by UAE media outlets
In the near future, green fuel bunkering will be available as well.
The plan aims to achieve the economic optimum benefit from Egypt’s wealth of natural gas, and to maximize the added value thereof.
The Egyptian Armed Forces declared Wednesday that a medically-equipped Lockheed C-130 Hercules jet had transported dozens of the injured in the fuel truck blast, that occurred on Monday in Libya's Bent Beih City.
Petroleum Minister Tareq el Molla has unveiled a number of projects meant to upgrade the efficiency of the national gas grid as production from the Eastern Mediterranean fields continue to take an upturn.
The plant's output will be used to fuel ships.
A circulated letter dated to Feb. 8 addressed Egyptian officials stating that several vehicle manufacturers producing vehicles circulating in Egypt are faced with an increasing number of claims from owners and operators which appear related to the poor quality of petrol marketed in Egypt.
“Egyptian fuel is a local product, and it is produced from Egyptian refineries, and manganese, if it is placed, will harm the refining equipment and speak malfunctions,” Abdelaziz added, in a TV interview.
