Egypt raises natural gas prices

SANAA, July 21 (YPA) – The Egyptian Cabinet decided on Saturday to raise the prices of natural gas used in homes and commercial activity, by 33.3 to 75%, starting from the beginning of next month.

The government has identified three segments for consumption, the first from zero to 30 cubic meters and is charged at 175 piaster per cubic meter, instead of 100 piaster previously, with an increase of 75%.

According to the Prime Minister’s decision, the price per meter for the second segment, which starts from more than 30 cubic meters to 60 cubic meters, increased to 250 piaster per cubic meter, with an increase of  42.8%from the previous price which was 175 piaster.

The price per meter for the third segment, which starts from more than 60 cubic meters to 300 piaster per cubic meter, increased by 33.3%, where they were sold at 225 piaster per meter.

The amendment of the prices of natural gas for homes came in implementation of the decision of the Council of Ministers, last June on the implementation of measures to rationalize the support of petroleum products and natural gas.

The government decided in mid-June to raise fuel prices by between 17.4 to 66.6%.

Sameera Hassn