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Reuters
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Egyptian Petroleum Minister Tarek El Molla said today, Thursday, that petroleum product subsidies declined by around 45% in the first half of the current fiscal year 2020-2021.
In statements to Reuters, the minister said: “Support for petroleum products fell to 8.4 billion pounds ($ 537.8 million) in the first half of the current fiscal year from 14.1 billion. billion pounds in the budget, up from 15.25 billion pounds a year ago. . “
Egypt’s finance ministry aims to bring oil subsidies for the current fiscal year to £ 28.193 billion.
(Dollar = 15.62 Egyptian pounds)
Source: Reuters
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