Petroleum Rebuts ‘Political Decree’ to Raise gasoline, diesel Prices in Egypt

Hamdy Abdel Aziz, head of the media office of Ministry of Petroleum stated that what was circulated regarding the government’s waiting to political decree in order to increase the prices of gasoline and diesel fuel are invalid, pointing out that the news attributed to an unidentified source.

Abdel Aziz asserted that the petroleum sector is currently pumping sufficient quantities of fuel to meet with the needs of the market along with citizens’ safety.

He added that the experimental operation of the second phase of government’s smartcard system was launched Sunday, distributing diesel and petrol in Mobil and Shell stations nationwide, according to Ministry of Petroleum statement.

The ministry added that 330 Mobil stations and 83 Shell stations have so far implemented the smartcard system.

Meanwhile, Egyptian General Petroleum Corporation (EGPC) Executive Chairman Tarek El-Molla, who inaugurated the program’s second stage, was quoted in the statement as saying that this phase would be aimed at monitoring the process of distributing fuel from stations to cardholders.

Abdel Aziz further explained that within the next period diesel and petrol will be distributed across various governorates, as a prelude to regulate smartcard system to grantee that the diesel and petrol stuffiest for the customers.