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| Cairo, Egypt

Khalda Petroleum Company Cairo EG

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28 Nakhla El Motiei St., Heliopolis

Cairo

Egypt

Telephone: +20226343736

Telefax: +20226371920

28 Nakhla El Motiei St., Heliopolis

Cairo

Egypt

Telephone: +20226343736

Telefax: +20226371920

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Egypt Raises Petrol Prices by up to 14.3%

The diesel price was kept at 8.25 pounds per liter. The decision takes effect from 8 a.m. (0600 GMT) on Friday.

Al-Minshawi highlighted that multiple meetings have taken place with the European Union to discuss hydrogen projects in Egypt.

The state has drawn up a plan to gradually lift subsidies on fuel and petroleum products by the end of 2025, Hommosany said.

The project, which will cost EGP 1.70 billion (roughly $36 million), is expected to begin operations in phases by the end of 2024.

The country’s needs for petroleum and natural gas amounts to US$55 billion annually, while local production only amounts to $33 billion.

Energy Events

Intersolar Europe 19.06.2024

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