Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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

Bloomberg Customers

Egypt Earmarks Additional $150 Million for Fuel Purchases

Egypt’s Finance Ministry said it allocated an additional $150 million for fuel purchases to ensure adequate supplies in the market and took “urgent measures” to ensure that other commodities are available.

The additional funds raised to $4.5 billion dollars the amount given to the Egyptian General Petroleum Corp., Finance Minister Momtaz el-Saieed said in a statement today. He didn’t say over what period the funding had been provided.

While the government had budgeted 40 billion pounds ($6.6 billion) for fuel subsidies from December through May, the actual outlay amounted to 59 billion Egyptian pounds, Prime Minister Kamal el-Ganzouri told journalists yesterday.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.