Kadmar Circular No. 27/2017
Kadmar Circular No. 27/2017
kadmar Posted on Saturday, July 1, 2017
Increase in Prices of Gasoline and Kerosene in Egypt

On Thursday, 29 June 2017 The Egyptian Government announced a decree that increases the price of Gasoline, Kerosene and other petrol products by around 55%

That is a step to decrease the governmental subsidy and to minimize the deficit of the country budget.

The increase in prices is effective from 00:01 on 29-June-2017.

Most of the trucking and transport companies have declared 43 to 55% increase in trucking and transport rates.

We will monitor the impact of this increase on the ports and other related activities and report on regular basis.

Best Regards,
Kadmar Shipping Co.