{"id":644044,"date":"2024-09-19T00:00:00","date_gmt":"2024-09-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/govt-hikes-subsidized-butane-prices-by-up-to-50\/"},"modified":"2024-09-19T00:00:00","modified_gmt":"2024-09-19T00:00:00","slug":"govt-hikes-subsidized-butane-prices-by-up-to-50","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/govt-hikes-subsidized-butane-prices-by-up-to-50\/","title":{"rendered":"Gov\u2019t hikes subsidized butane prices by up to 50%"},"content":{"rendered":"

Gas cylinders just got more expensive: <\/strong>The government has hiked the prices of butane gas cylinders as part of efforts to rationalize subsidies for fuel, according to a decision published in the Official Gazette. The price hikes came into effect yesterday morning.<\/p>\n

The ne<\/strong>w price tags: <\/strong>The price of household cylinders has gone up 50% to EGP 150 ex-factory, while the price of cylinders for commercial use has increased 33.3% to EGP 200 ex-factory. Bulk gas prices have been raised to EGP 12k per ton, excluding transportation freight.<\/p>\n

The rationale:<\/strong> Global price increases have driven up the cost of butane, necessitating domestic hikes to alleviate the burden on the state budget, a senior government source told Enterprise. Nevertheless, butane continues to be heavily subsidized by the state, with the actual costs standing at EGP 200 for household cylinders and EGP 450 for commercial cylinders, according to our source. <\/p>\n

The payoff could be significant:<\/strong> The price hikes are expected to save the state over EGP 27 bn in annual expenditures, our source said.<\/p>\n

There\u2019s a steady supply of butane:<\/strong> An average of 1.5 mn cylinders are distributed to warehouses daily, our source said, adding that import agreements are in place to meet market demand for the foreseeable future, ensuring a stable supply in the coming months.<\/p>\n

Mazut bills for power facilities also went up:<\/strong> The Oil Ministry has raised the price of mazut supplied to power generation and production facilities to EGP 6.5k per ton from EGP 2.5k, while the price for factories unchanged after their last hike in July. <\/p>\n

Gov\u2019t has been putting the brakes on petroleum product subsidies throughout the year:<\/strong> The government bumped up<\/a> the price of household gas cylinders by 33% in March and raised the price of mazut for most industries by 13.3% to EGP 8.5k per ton in July<\/a>. Car fuel prices were also raised by 11-15% in July.<\/p>\n

And further hikes could be in the works: <\/strong>The government has been studying the possibility of raising the price of natural gas<\/a> supplies for the country\u2019s industrial sector since July, a government source confirmed to Enterprise earlier this week.<\/p>\n

The endgame is to suspend fuel subsidies altogether:<\/strong> The government plans to phase out subsidies for butane and other petroleum products entirely by the end of 2025, our source said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The price hikes are expected to save the state over EGP 27 bn in annual expenditures<\/p>\n","protected":false},"author":1,"featured_media":644045,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[317,93,72,819,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-644044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-commodities","tag-energy","tag-enterpriseam","tag-fuel","tag-subsidies","wpautop","entry"],"acf":{"mongo_id":"1628a0b2-670d-4b30-a3e1-40458c2025c9","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/1513.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt hikes subsidized butane prices by up to 50%","related_issue":[644036],"teaser":"The price hikes are expected to save the state over EGP 27 bn in annual expenditures","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.6ce34639-730f-43b1-ae3b-0236a4a4ec49.mp3"},"yoast_head":"\nGov\u2019t hikes subsidized butane prices by up to 50% - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/govt-hikes-subsidized-butane-prices-by-up-to-50\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t hikes subsidized butane prices by up to 50%\" \/>\n<meta property=\"og:description\" content=\"The price hikes are expected to save the state over EGP 27 bn in annual expenditures\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/govt-hikes-subsidized-butane-prices-by-up-to-50\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-19T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1513.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/govt-hikes-subsidized-butane-prices-by-up-to-50\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/govt-hikes-subsidized-butane-prices-by-up-to-50\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t hikes subsidized butane prices by up to 50%\",\"datePublished\":\"2024-09-19T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/govt-hikes-subsidized-butane-prices-by-up-to-50\/\"},\"wordCount\":385,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/govt-hikes-subsidized-butane-prices-by-up-to-50\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1513.jpg?fit=%2C&ssl=1\",\"keywords\":[\"commodities\",\"energy\",\"EnterpriseAM\",\"fuel\",\"subsidies\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/govt-hikes-subsidized-butane-prices-by-up-to-50\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/govt-hikes-subsidized-butane-prices-by-up-to-50\/\",\"name\":\"Gov\u2019t hikes subsidized butane prices by up to 50% - 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This comes on\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553447,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/05\/butane-gas-for-home-use-rises-in-price-nearly-8\/","url_meta":{"origin":644044,"position":1},"title":"Butane gas for home use rises in price nearly 8%","author":"enterpriseam admin","date":"5 December 2021","format":false,"excerpt":"Gas cylinders just got a little pricier: The Oil Ministry hiked butane gas cylinder prices by 7.7%, reaching EGP 70 for household cylinders (from EGP 65) and EGP 140 (from EGP 130) for commercial consumption, Al Masry Al Youm reports, citing an unnamed source. The price hike, which came into\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":654516,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/04\/egypt-hikes-household-gas-prices\/","url_meta":{"origin":644044,"position":2},"title":"Egypt hikes household gas prices","author":"enterpriseam admin","date":"4 November 2024","format":false,"excerpt":"The new prices will see consumers paying up to EGP 5 per cbm","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/171.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596721,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/government-raises-fuel-prices-phasing-out-remaining-fuel-subsidies\/","url_meta":{"origin":644044,"position":3},"title":"Government raises fuel prices, phasing out remaining fuel subsidies","author":"enterpriseam admin","date":"7 July 2019","format":false,"excerpt":"Government raises fuel prices, phasing out remaining fuel subsidies: The government raised fuel prices by between 16% and 30% over the weekend as it introduced the latest round of fuel subsidy cuts, the Oil Ministry announced in a statement. The price of 95 and 92-octane rose by 16% and 18.5%,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/757.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":662578,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/19\/govt-could-raise-fuel-prices-next-month\/","url_meta":{"origin":644044,"position":4},"title":"Gov\u2019t could raise fuel prices next month","author":"enterpriseam admin","date":"19 March 2025","format":false,"excerpt":"The fuel pricing committee is expected to raise prices by EGP 1-1.25 to narrow the gap between selling prices and production costs","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1527.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":644008,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/18\/govt-hikes-gas-cylinder-prices-by-up-to-50\/","url_meta":{"origin":644044,"position":5},"title":"Gov\u2019t hikes gas cylinder prices by up to 50%","author":"enterpriseam admin","date":"18 September 2024","format":false,"excerpt":"Good afternoon, friends. It's a calmer day for business news in Egypt as we inch closer to closing out this busy week.THE BIG STORY TODAY- Gas cylinders just got more expensive: The government has hiked the prices of butane gas cylinders as part of efforts to rationalize subsidies for fuel,\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1435.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/644044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=644044"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/644044\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/644036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/644045"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=644044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=644044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=644044"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=644044"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=644044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}