{"id":669453,"date":"2025-08-03T00:00:00","date_gmt":"2025-08-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/03\/govt-refutes-increasing-gas-prices-for-industry\/"},"modified":"2025-08-03T00:00:00","modified_gmt":"2025-08-03T00:00:00","slug":"govt-refutes-increasing-gas-prices-for-industry","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/03\/govt-refutes-increasing-gas-prices-for-industry\/","title":{"rendered":"Gov\u2019t refutes increasing gas prices for industry"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, friends<\/strong>. We hope you had a nice, calm weekend and enjoyed the cooler weather we got for a change. The news cycle seems to be taking a breather, and we\u2019re taking a page out of its book. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The government did not increase gas prices for industry at the start of the month<\/strong>, a government source told EnterpriseAM in response to unconfirmed reports over the weekend that sparked concern in the manufacturing sector. Factories haven\u2019t received any official notifications regarding any increase, Chamber of Building Materials Industries head Ahmed Abdel Hamid confirmed to EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The question isn\u2019t if gas prices will rise, the question is when. <\/strong>With the country increasingly relying on expensive LNG imports to help fill the gap between local demand and supply, the country\u2019s energy import bill is cranking up \u2014 and someone\u2019s got to foot the bill. It\u2019s only a matter of time before the government tries to get the private sector to share more of this financial burden; however, the government is yet to make a decision on the matter and is closely watching disinflation progress, our export push, and the strengthening of the EGP against the USD before making any move, our government source told us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OPEC+ members have reached a preliminary agreement to boost oil output<\/strong> by 548k barrels per day in September amid fears of supply disruptions from Russia. Member countries \u2014 including Saudi Arabia \u2014 are set to reach a final agreement today, with no more production cuts planned. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The group has been cutting back on production for several years<\/strong>, reversing course earlier this year to regain market share. Output increases began in April at 138k bpd \u2014 causing oil prices to drop to a four-year low. The increases continued, rising to 411k bpd in May, June, and July, and are set to remain at 548k bpd in August. If production levels continue through September, the group will have effectively reversed its 2.2 mn bpd production cut made in 2023. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-08-02\/opec-agrees-in-principle-to-548k-b-d-hike-in-sept-delegate\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-agrees-principle-another-large-oil-output-hike-sources-say-2025-08-03\/#:~:text=LONDON%2C%20Aug%203%20(Reuters),further%20supply%20disruptions%20from%20Russia.\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"web-image-inner\"><img data-recalc-dims=\"1\" decoding=\"async\" style=\"display: block\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/348.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Inside Industry day \u2014 your weekly briefing of all things industrial in Egypt.<\/strong> Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue<\/strong>: We\u2019re taking a look at the Industry Ministry\u2019s EGP 30 bn financing initiative \u2014 and why it hasn\u2019t been put into effect just yet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER-<\/strong> We\u2019re looking at a relatively mild day in Cairo tomorrow, with temperatures set to peak at 35\u00b0C before cooling down to 24\u00b0C. Still up north? Expect a high of just 29\u00b0C and a low of 27\u00b0C, according to our favorite weather app. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends. We hope you had a nice, calm weekend and enjoyed the cooler weather we got for a change. The news cycle seems to be taking a breather, and we\u2019re taking a page out of its book. THE BIG STORY TODAY- The government did not increase gas prices for industry at the start [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":669454,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7213],"tags":[633,131,91,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-669453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-manufacturing","tag-oil-and-gas","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"7e51b4e1-c577-4a35-8e41-068a80e289de","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/11\/171.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Gov\u2019t refutes increasing gas prices for industry","related_issue":[669451],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.37cbd27f-5c4d-4390-a7d1-9f4180f4885c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gov\u2019t refutes increasing gas prices for industry - 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\/2025\/08\/03\/govt-refutes-increasing-gas-prices-for-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t refutes increasing gas prices for industry\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends. We hope you had a nice, calm weekend and enjoyed the cooler weather we got for a change. The news cycle seems to be taking a breather, and we\u2019re taking a page out of its book. THE BIG STORY TODAY- The government did not increase gas prices for industry at the start [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/03\/govt-refutes-increasing-gas-prices-for-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-03T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/171.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\/2025\/08\/03\/govt-refutes-increasing-gas-prices-for-industry\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/03\/govt-refutes-increasing-gas-prices-for-industry\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t refutes increasing gas prices for industry\",\"datePublished\":\"2025-08-03T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/03\/govt-refutes-increasing-gas-prices-for-industry\/\"},\"wordCount\":508,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/03\/govt-refutes-increasing-gas-prices-for-industry\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/171.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"Manufacturing\",\"oil and gas\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/03\/govt-refutes-increasing-gas-prices-for-industry\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/03\/govt-refutes-increasing-gas-prices-for-industry\/\",\"name\":\"Gov\u2019t refutes increasing gas prices for industry - 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EGAS said the current prices are appropriate for different industries. It said factories, who receive about 2.4 bcf\/day of natural\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568792,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/egypt-is-expected-to-cut-nat-gas-prices-to-factories-in-1q2020-analysts-say\/","url_meta":{"origin":669453,"position":1},"title":"Egypt is expected to cut nat gas prices to factories in 1Q2020, analysts say","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"Egypt to cut natgas prices to factories in 1Q2020, analysts say: Plunging natural gas prices and market oversupply are increasing the likelihood that the Egyptian government will cut gas prices to factories during the first quarter, analysts tell Reuters. The government has already recently lowered prices for certain industries and\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/49.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574262,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/03\/industry-requests-another-cut-in-gas-prices-to-usd-3-5-mmbtu\/","url_meta":{"origin":669453,"position":2},"title":"Industry requests another cut in gas prices to USD 3.5\/mmbtu","author":"enterpriseam admin","date":"3 September 2020","format":false,"excerpt":"Industrial players still want to pay less for natural gas\u2026 Chemicals and fertilizer manufacturers are raising the issue of lowering gas prices once again, with Chemical and Fertilizers Export Council passing on a request to the Trade and Industry Ministry to lower the price of gas to USD 3.5\/mmbtu, Khaled\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/39.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574434,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/09\/could-industry-see-lower-gas-prices-this-month\/","url_meta":{"origin":669453,"position":3},"title":"Could industry see lower gas prices this month?","author":"enterpriseam admin","date":"9 September 2020","format":false,"excerpt":"Could industry see lower gas prices this month? A government committee that will decide on gas prices to industry is reportedly considering lowering the price of natural gas when they meet this month, Masrawy reports, citing government sources. Gas prices for all industries could be lowered to at least USD\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]},{"id":560116,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/magic-sauce-for-industry-lower-natgas-costs-new-legislation\/","url_meta":{"origin":669453,"position":4},"title":"Magic sauce for industry: Lower natgas costs + new legislation?","author":"enterpriseam admin","date":"16 February 2021","format":false,"excerpt":"Manufacturers could get lower natural gas prices if the House Industry Committee gets its way, with the committee lobbying Oil Minister Tarek El Molla to cut prices to factories to help prop up local industry, Al Mal reports. Industry figures are particularly unhappy about local gas prices remaining above international\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/235.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576173,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/investors-union-egas-to-look-at-lower-gas-prices-for-industry\/","url_meta":{"origin":669453,"position":5},"title":"Investors union, EGAS to look at lower gas prices for industry","author":"enterpriseam admin","date":"12 November 2020","format":false,"excerpt":"Could natgas prices for factories be liberalized? Long-term demands from factories for lower gas prices will be considered by a newly-formed task force made up of the Egyptian Federation of Investors Associations and EGAS, EFIA member Sobhy Nasr told Youm7. The group will look at aligning local and international prices,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/134.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\/669453","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=669453"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/669453\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/669451"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/669454"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=669453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=669453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=669453"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=669453"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=669453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}