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Egypt Minister Says Gasoline Crunch Over Soon, Shorouk Reports

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March 26 (Bloomberg) -- Egypt’s oil minister said the fuel shortage that has gripped the country and led to long lines at gas stations will be over soon, the independent Al Shorouk daily reported today.

The ministry has injected “huge amounts” of gasoline and diesel into the market to offset a shortage that has continued for days, Al Shorouk said, citing an interview with Petroleum Minister Abdalla Ghorab. The crisis should be over in the next two days, the paper reported him as saying.

It is the latest in a series of fuel shortages to affect Egypt, sparking widespread discontent in the country as it struggles with a transition to democracy after the uprising that ousted former President Hosni Mubarak last year.

The Muslim Brotherhood, whose political arm holds almost 47 percent of seats in the lower house of parliament, on March 24 blamed the government and the ruling military council for a litany of problems including the fuel shortage. Officials have blamed smugglers for the shortages, saying the subsidized fuel is being sold on the black market.

To contact the reporter on this story: Tarek El-Tablawy in Cairo teltablawy@bloomberg.net

To contact the editor responsible for this story: Riad Hamade in Dubai at rhamade@bloomberg.net

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