Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    58 days that exposed IMF's contradictions on Egypt    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Drivers queue for petrol as minister denies fuel shortage
While government dismisses supply shortfalls, distributors insist they're receiving smaller-than-usual quantities of the precious commodity
Published in Ahram Online on 16 - 01 - 2012

Egypt's ongoing gasoline shortage has reportedly spread to most governorates nationwide, although Cairo remains less affected than other cities.
For the last ten days, all types of octane – 80, 90, 92 and the more expensive 95 – have been in short supply, resulting in long queues outside petrol stations in many parts of the country. Some gas stations have resorted to setting a 20-litre limit on all gasoline purchases.
"I spent half the day trying to find petrol for my car,” said one frustrated east Cairo resident. “None of the four petrol stations near my home had any octane, including the state-run COOP [Petroleum Cooperative Society Company] stations.”
Egypt's petroleum ministry, meanwhile, has denied the existence of any supply shortfalls among gasoline distributers, either public or private. In fact, according to Petroleum Minister Abdullah Ghorab, daily supplies of the commodity countrywide had actually increased recently by some 12.5 per cent.
"This crisis is imaginary," the minister asserted. "If there is a shortage of petrol, why can it still be found at state-run gas stations?”
Ghorab went on to say that his ministry had pumped some 300,000 extra tonnes of octane into the local market per day since the crisis began – an increase of 12.5 per cent on normal levels.
"The amounts currently being distributed are sufficient to meet some 15, 000 tonnes of daily consumption," the minister asserted. He accused petrol station owners of causing the shortage by hoarding gasoline following rumours that a hike in petrol prices was imminent – rumours, he stressed, that had no basis in fact.
Gasoline distributors, however, tell a different story, saying that gas supplies have waned noticeably in recent weeks – even at state-owned gas stations. One COOP source strenuously challenged the minister's assertions, telling Ahram Online that the company had continued to receive “smaller-than-usual quantities” of octane.
According to petroleum ministry figures, Egypt's annual gasoline production stood at 54 million tonnes in 2011, while annual consumption nationwide reached 53 million tons for the same period.
Hossam Arafat, head of the petroleum products division at the Egyptian Federation of Chambers of Commerce, recently noted that Egypt imports roughly 10 per cent of its yearly gasoline needs. He went on to attribute recent “logistical problems” concerning local gasoline distribution to bad weather conditions.


Clic here to read the story from its source.