{"id":646494,"date":"2017-06-15T03:59:20","date_gmt":"2017-06-15T03:59:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/"},"modified":"2017-06-15T03:59:20","modified_gmt":"2017-06-15T03:59:20","slug":"government-has-no-choice-but-to-hike-fuel-prices-in-july","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/","title":{"rendered":"Government has no choice but to hike fuel prices in July"},"content":{"rendered":"

Higher fuel prices in July look like they might be reality,<\/strong> unnamed Petroleum Ministry officials tell AMAY<\/a>. With a projected energy subsidy bill next year of around EGP 140 bn \u2014 of which EGP 110 bn are earmarked for petroleum products and EGP 30 bn for electricity \u2014 the government doesn\u2019t really have much of a choice, the sources explain. We noted earlier this week<\/a> that some in the government were angling for a delay in plans to raise the price of 92-grade octane petrol by EGP 1 per liter to EGP 4.5 per liter starting 1 July. They say this delay might offset the effects of an inevitable hike<\/a> in electricity prices coming next month. Electricity prices could rise by 10-15% for the lowest consumption brackets, while higher consumption brackets could see increases ranging from 20-40%, unnamed Electricity Ministry officials tell Al Borsa<\/a>.<\/p>\n

But some members of the House of Representatives appear want to delay energy price<\/strong>hikes including fuel and electricity. <\/strong>A number of MPs reportedly sent official requests to the Electricity Ministry asking that it delay planned price increases to avoid adding to inflationary pressures, the newspaper adds. The requests also proposed different scenarios for the price hikes and suggests that the ministry also extend its timeline for the phase-out of electricity subsidies to 10 years. Minister Mohamed Shaker had said this week<\/a> though that the government is already considering pushing the timeline by another two or three years instead of removing subsidies entirely by 2019 as originally planned.<\/p>\n","protected":false},"excerpt":{"rendered":"

Higher fuel prices in July look like they might be reality, unnamed Petroleum Ministry officials tell AMAY. With a projected energy subsidy bill next year of around EGP 140 bn \u2014 of which EGP 110 bn are earmarked for petroleum products and EGP 30 bn for electricity \u2014 the government doesn\u2019t really have much of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646494","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"14f4db00-1d06-4723-8bad-fcd0397eb3cb","order":"0","is_powered_by":true,"section_story_id":"9f05ef0e-eb1c-4c77-be21-9c759e76f11f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[646483],"teaser":"","voice_url":""},"yoast_head":"\nGovernment has no choice but to hike fuel prices in July - 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\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government has no choice but to hike fuel prices in July\" \/>\n<meta property=\"og:description\" content=\"Higher fuel prices in July look like they might be reality, unnamed Petroleum Ministry officials tell AMAY. With a projected energy subsidy bill next year of around EGP 140 bn \u2014 of which EGP 110 bn are earmarked for petroleum products and EGP 30 bn for electricity \u2014 the government doesn\u2019t really have much of […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-15T03:59:20+00:00\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Government has no choice but to hike fuel prices in July\",\"datePublished\":\"2017-06-15T03:59:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/\"},\"wordCount\":254,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/\",\"name\":\"Government has no choice but to hike fuel prices in July - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-06-15T03:59:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Government has no choice but to hike fuel prices in July\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Government has no choice but to hike fuel prices in July - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/","og_locale":"en_US","og_type":"article","og_title":"Government has no choice but to hike fuel prices in July","og_description":"Higher fuel prices in July look like they might be reality, unnamed Petroleum Ministry officials tell AMAY. With a projected energy subsidy bill next year of around EGP 140 bn \u2014 of which EGP 110 bn are earmarked for petroleum products and EGP 30 bn for electricity \u2014 the government doesn\u2019t really have much of […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-06-15T03:59:20+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Government has no choice but to hike fuel prices in July","datePublished":"2017-06-15T03:59:20+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/"},"wordCount":254,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/","name":"Government has no choice but to hike fuel prices in July - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-06-15T03:59:20+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/government-has-no-choice-but-to-hike-fuel-prices-in-july\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Government has no choice but to hike fuel prices in July"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":547313,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/16\/no-electricity-price-hike-before-2023\/","url_meta":{"origin":646494,"position":0},"title":"No electricity price hike before 2023","author":"enterpriseam admin","date":"16 June 2022","format":false,"excerpt":"Electricity prices for residential consumers will remain unchanged until at least the end of 2022, Prime Minister Moustafa Madbouly said during a presser following cabinet\u2019s weekly meeting (watch, runtime: 16:38). Madbouly\u2019s statement follows an announcement by President Abdel Fattah El Sisi earlier this week that the government would not introduce\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\/2021\/12\/electricity-energy.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":646494,"position":1},"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":582146,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/02\/fuel-prices-are-rising-7-11-today\/","url_meta":{"origin":646494,"position":2},"title":"Fuel prices are rising 7-11% today","author":"enterpriseam admin","date":"2 March 2023","format":false,"excerpt":"Cost of mazut for most buyers will increase by 20%","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\/2023\/3\/gas-station-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586115,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/07\/govt-hikes-diesel-price-by-14-leaves-gasoline-prices-unchanged\/","url_meta":{"origin":646494,"position":3},"title":"Gov\u2019t hikes diesel price by 14%, leaves gasoline prices unchanged","author":"enterpriseam admin","date":"7 May 2023","format":false,"excerpt":"Hike to diesel prices could fuel more inflation","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\/2023\/5\/275.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550301,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/23\/no-quarterly-fuel-price-hike-for-the-first-time-in-18-months\/","url_meta":{"origin":646494,"position":4},"title":"No quarterly fuel price hike for the first time in 18 months","author":"enterpriseam admin","date":"23 October 2022","format":false,"excerpt":"A state committee left fuel prices unchanged at its latest quarterly meeting, defying expectations of another raise and ending a streak of six consecutive quarters of petrol price hikes, the Oil Ministry said in a statement yesterday. Fuel prices have seen a 23-28% hike since last April.A further price hike\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\/2022\/10\/299.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598036,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/government-to-decide-on-new-electricity-rates-by-may-end\/","url_meta":{"origin":646494,"position":5},"title":"Government to decide on new electricity rates by May-end","author":"enterpriseam admin","date":"13 May 2019","format":false,"excerpt":"Government to decide on new electricity rates by the end of May: The Egyptian Electrical Utility and Consumer Protection Regulatory Agency (Egyptera) has completed scenario planning for a hike in residential electricity prices expected by the start of the government\u2019s next fiscal year starting in July, the local press reports.\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646494","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=646494"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646494\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/646483"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=646494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=646494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=646494"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=646494"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=646494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}