Fuel importing bill drops 14.7% in seven months: Egypt’s CAPMAS

Egypt’s bill of importing fuel sagged by 14.7 percent in January-July 2016 to 44.7 billion Egyptian pounds (US$5 billion)  from 52.3 billion pounds a year earlier.

In its bulletin about foreign trade, Egypt’s statistics body CAPMAS showed that fuel imports witnessed a 10.8 percent decrease in July 2016 to 7 billion pounds opposed to 7.8 billion pounds in July 2015.

The bulletin showed that Egypt’s imports of crude oil fell by 75.6 percent during the first seven months of 2016 to 2 billion Egyptian pounds compared to 8.4 billion pounds at the same period of 2015.

Egyptian imports of oil products declined by 3 percent in January-July 2016 to 41.8 billion pounds from 43.1 billion pounds a year earlier.

The CAPMAS stated that Egypt’s bill of importing coal hit 771.9 million pounds during the first seven months of 2016 versus 776.2 million pounds at the same period of 2015, making a 0.5 percent drop.