Egypt's oil ministry has announced a rise in the price of fuel effective Thursday, as the Arab world's most populous nation struggles with inflation and is sapped dry of dollars.The Egyptian economy ...

LONDON, May 21 (Reuters) - Egypt's military rulers plan to spend close to $1 billion on diesel this summer, a spike in imports as they brace for a first free presidential election triggered by ...

The state appears caught between acute diesel shortages and planned reductions of energy subsidies, upon which a proposed $48 bn IMF loan is conditional ...

According to the Ministry of Petroleum, Egypt's local production of diesel fuel covers 75 per cent of the country's consumption needs, while the rest is covered through import.

Egypt imports up to 70 per cent of its diesel, which it uses to fuel cars, ... “Some of the crisis is because you have smuggling of this item through time,” said Mr Sobhi.

Subsidies keep the price of diesel, for example, at about 1 Egyptian pound ($0.14) per liter. By comparison, the same amount of fuel costs $0.95 in neighboring Jordan, which has given rise to the ...

Egypt spent around $9.7 billion to import oil products in the year to end-June 2012, about $2.8 billion more than in the previous year, data from the Central Bank of Egypt shows. On the revenue side, ...