Egypt’s Misr Petroleum reports 10% fall in 92-octane gasoline sales

Egypt’s sales of 92-octane gasoline fell by ten percent by during July 2017, the chairman of the country’s state-run Misr Petroleum Company Mohamed Shaban said Sunday.

Shaban further added that the demand for 95-octane gasoline hiked 400 percent due to an increase in the price of petroleum products.

The company sells and distributes 1.8 million litres of 92-octane gasoline per day, compared with 2 million litres before the change in prices.

Misr Petroleum acquires a third of the petroleum products market share, the Egyptian official stated.

“The company seeks to boost its petroleum sales to 38 billion pounds within the financial year 2017/2018, compared with 33 billion pounds during the financial year 2016/2017,” Shaban noted.

Source: Mubasher