Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Egypt Seeks to End Fuel Subsidies by 2018, Al Masry Al Youm Says

Don't Miss Out —
Follow us on:

May 7 (Bloomberg) -- Egypt may gradually scrap subsidies on oil products by 2018, introducing coupons for gasoline and diesel as part of the phaseout, the independent newspaper Al Masry Al Youm reported, citing unidentified officials.

Among other proposals being considered is raising prices on higher-octane gasoline grades, with the subsidies ending before 2015, the newspaper said.

The government is scheduled to meet this month to discuss a proposal by the Egyptian General Petroleum Authority that aims to cut the fuel subsidy outlay to 108.9 billion Egyptian pounds ($18.2 billion) in the next fiscal year from current levels of 111 billion pounds, the Cairo-based daily reported today.

To contact the reporter on this story: Tarek El-Tablawy in Cairo at

To contact the editor responsible for this story: Andrew J. Barden at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.