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July 11, 2014
The dust has yet to settle since Egyptian President Abdel Fattah al-Sisi announced that the government is lifting energy subsidies, leading to a price increase of up to 78 percent on gasoline and 175 percent on natural gas. As the country continues to witness a public backlash and price hikes, the International Monetary Fund (IMF) issued on Thursday a report, Subsidies Reforms in the Middle East and North Africa: Recent Progress and Challenges Ahead, in which it recommends how to best implement energy subsidy reforms in the region. 

Writing about the report, Assistant Director at the Atlantic Council's Rafik Hariri Center for the Middle East, Svetlana Milbert writes:

On Egypt:

Table 1. Breakdown of Price Increases on Select Petroleum Product in Egypt

Petroleum product

Price increase

Price change

Consumed by

80-octane gasoline

EGP 0.90 to EGP 1.60 per liter

78 percent

Old vehicles

92-octane gasoline

EGP 1.85  to EGP 2.60 per liter

41 percent

Most vehicles

95-octane gasoline

EGP 5.85 to EGP  6.25 per liter

6.8 percent

Luxury vehicles

Diesel

EGP 1.10  to EGP  1.80 per liter

64 percent

Public transportation/ trucks

Natural gas

EGP 0.40  to EGP  1.10 per cubic meter

175 percent

Taxis


Read Milbert's article on MENASource here.

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