Kadmar Circular No. 44/2018
Kadmar Circular No. 44/2018
kadmar Posted on Thursday, July 26, 2018
Egypt Increase The Fuel Gas Prices

Egypt announced Saturday steep increase in fuel and cooking gas prices as part of the countrys economic reforms and austerity measures to minimized the deficit in the country budget.

The Ministry of Oil stated the new prices as stated hereunder as from 16-06-2018 at 0900hrs (a National holiday in Egypt):

As it is an official holidays in Egypt now (Eid El Fitr Holidays). There is no update to the impact to the price of the trucking and other services in Egypt, however we do believe an increase in the range of 30% to 35% in the trucking, stevedoring and other related services.
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.