Egypt, India explore joint investments in gas, mining, petrochemicals    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egyptian pound inches up against dollar in early Thursday trade    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt, South Africa discuss strengthening cooperation in industry, transport    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Gold prices in Egypt edge higher on Wednesday, 12 Nov., 2025    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    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.



Egypt petrol shortage causes long queues, snarled traffic
Published in Daily News Egypt on 22 - 03 - 2012

CAIRO: Long queues snaked outside empty petrol stations in Cairo and other Egyptian cities on Thursday, as worried motorists waited for new deliveries amid fears of price hikes and longer-term scarcity.
Industry professionals say the situation has shot fuel prices up on the black market, where some motorists have no choice but to go, amid insufficient public transport alternatives.
The queues have brought more traffic to Cairo's notoriously busy streets, sparking incidents of road rage, according to press reports.
In rural Egypt, witnesses on Thursday said scuffles and knife fights erupted among frustrated drivers. Some even fired guns in the air.
"There's no fuel or diesel at all. We wait five hours to fill the car and then we can start working," said taxi driver Rashed Said.
"I only found fuel at this petrol station," said Maged, another driver. "This has been the case since yesterday," he said pointing to the long queues.
Workers at gas stations complain of receiving only half their usual quantity of fuel.
Fuel is highly subsidized in Egypt to maintain the price of 15 US cents (11 euro cents) per liter of 80 octane petrol, the cheapest quality.
The sector has been under pressure for months due to a fall in foreign reserves and an increase in the budget deficit, threatening subsidies.
In mid-January, the country suffered a shortage for several days, made worse by rumors of price hikes that sparked a rush on petrol stations.
Making matters worse, public transportation has been crippled by a weeklong strike.
Fingers are pointing in all directions.
The government blames the black market. Many drivers blame the government for mismanagement. Others blame the sagging economy.
Minister of International Cooperation Fayza Aboul Naga sought to calm fears, telling the press that "the government has no intention of raising fuel prices."
Petroleum Minister Mohammed Abdullah Ghorab said the situation was due to a "lack of confidence" by consumers, insisting that petrol stocks are sufficient.
Amr Mustafa, deputy head of the General Petroleum Authority, said smugglers control 15 to 20 percent of petrol products available on the market, the independent daily Al-Masry Al-Youm quoted him as saying.
Egypt's economy has been in crisis since a popular uprising last year which toppled president Hosni Mubarak, marked by a drop in tourism and foreign investment.
Cairo is currently in talks with the International Monetary Fund over a $3.2 billion loan to ease the crisis.


Clic here to read the story from its source.