21 Jun 2015
(MENAFN) The Egyptian government allocated a total of USD8 billion for fuel product subsidies over its draft budget for 2015/2016m, according to the Chairman of Egyptian General Petroleum Corp (EGPC), Reuters reported.
The Cabinet gave its official consent for the budget draft dedicated for the upcoming fiscal year which starts in July. However, it chose not to announce the actual figures for the allocation.
For the current financial year that ends in June, the subsidy bill for petrol and natural gas products is forecast to reach USD9.20 billion, compared with a projected USD13.14 billion, the Chairman added.
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more