egypt studies effect of new oil price on budget-egypt today

The last increase was in February when oil prices reached about $90 per barrel. This step aims to pass part of the burden of the increase to the consumer to reduce pressure on budget expenditures. Natural Gas

Egypt intends to lower the oil price at $80 per barrel, decreasing by 15% in the 2025/2025 fiscal year’s budget, Asharq Business reported citing an official document.

The 2025/26 budget anticipates a sharp reduction to cap fuel subsidies at EGP 75bn. This is part of a wider subsidy reform strategy to free up resources for priority development initiatives. Egypt currently imports approximately 225,000

By bna Cairo Bureau Officials from Egypt’s government told Al Borsa on June 16 that every $1 increase in global oil prices above the budgeted level adds roughly EGP 4bn–4.5bn ($76.9mn

The decision to raise fuel prices in Egypt echoes the impact of global events on local markets. With crude oil prices soaring due to geopolitical tensions, including the war in Ukraine and conflicts in the Middle East, Egypt

2 days agoA recent study published in the International Journal of Energy Economics and Policy has shed new light on the complex relationship between exchange rates, oil prices, and

The study concluded that oil price fluctuations negatively affect the public budget, which means that there is a positive relationship between oil price fluctuations and the general budget deficit

Egypt is buying large amounts of oil to run its power plants as the high cost of natural gas redraws the Middle East country’s purchases of energy feedstocks.

Despite its LNG export goals, Egypt’s inability to meet local energy needs highlights deep production challenges and financial constraints.

In 2025, Egypt received $12 billion in external assistance from Kuwait, Saudi Arabia, and the United Arab Emirates (UAE), greatly easing the pressure on the country’s balance of payments and

Jan 3, 2025The Egyptian Ministry of Electricity presented a memorandum to the Cabinet asking to increase allocations after the EGP devaluation, reported Daily News Egypt. The memorandum

Abstract The study analyzes the impact of a number of macroeconomics factors, which represent both sides of supply and demand, on Egypt's inflation rate during a specific time frame (1990

Cairo: The increase in oil prices to over $80 per barrel (pb) has weighed on Egypt’s 2025/2025 budget, but the Organization of Petroleum Exporting Countries’ (OPEC) output hike

CAIRO 9 April 2025: Egypt is entering a new era shaped by the ripple effects of recent U.S. decisions to impose customs duties, which have raised global concerns about rising inflation and

While Egypt remains a significant oil and gas producer, the supply shortfall has forced the country to seek an estimated $7 billion in funding to purchase 155–160 LNG

Next week, MPs will begin discussing the government’s 2025-26 draft budget which includes major increases in social spending Egypt’s 2025-26 budget received cabinet approval on

Minister of Finance Mohamed Maait said that the high prices of oil will cost Egypt an additional $7.2 billion to the annual costs of the oil imports which the government will have to take

Egypt’s petroleum minister has said that the rise in oil prices is negatively affecting Egypt. “The whole world is harmed by the current oil prices, we hope these prices will not last for

As a senior professional in Egypt’s petroleum sector, particularly within the exploration and agreements domain, I give much attention to how global and regional dynamics as well as legal policies shape our industry.

Egypt launched a major economic reform program in November 2025 that included floating the exchange rate, fiscal consolidation measures, and reforms to the investment environment.