Back to the complete issue
Sunday, 10 October 2021

Fuel price hikes are the talk of the town

Friday’s fuel committee decision to hike prices and the start of the 2021-2022 academic year were the top two talking points on the airwaves last night. We have the full fuel story in this morning’s Energy section, above, but here’s what the talking heads had to say:

The government had previously been selling petrol at a loss, Oil Ministry spokesperson Hamdy Abdel Aziz told Ala Mas’ouleety’s Ahmed Moussa (watch, runtime: 19:26). Friday’s EGP 0.25 price increase brought the price at the pump back up to cost, Abdel Aziz noted, emphasizing that local fuel prices are still among the lowest in the world. Al Hayah Al Youm’s Lubna Assal also had Abdel Aziz on the phone (watch, runtime: 7:40), while Moussa, highlighted Supply Minister Aly El Moselhy’s comments that the fuel price hikes won’t translate into rising commodity prices (watch, runtime: 3:15).

The second most popular theme on the airwaves was the start of the academic year. Assal devoted a large segment to an interview with Ain Shams President Mahmoud El Meteiny (watch, runtime: 20:56) while Moussa spoke to Higher Education Minister Khaled Abdel Ghaffar, who noted that life on university campuses is returning gradually to its pre-covid conditions, and that there are now some 1.2 mn jabbed students (watch, runtime: 16:20).

Over on El Hekaya, Amr Adib took a particular interest in Lebanon, which saw a massive power outage as state-owned electricity plants were forced to shut down yesterday due to severe shortages of fuel imports (watch, runtime: 3:30). We have more on this in Around the World, below.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.