The Ministry of Petroleum and Mineral Resources (MoPMR) has denied circulated news of shortages in butane cylinders in some governorates, affirming that supplies are operating normally and that refineries continue to produce and supply butane to filling plants.
Bulk gas supplies allocated for filling butane cylinders are available at filling plants, which are operating at full capacity in line with market needs, and there are no indications of a shortage in available quantities, said the ministry.
It added that it monitors on a daily basis supplies, production, and distribution to ensure regular deliveries across the country.
Separately, the ministry has reiterated last week’s denial of reports circulating on certain social media pages and websites regarding changes to fuel prices. The prices being promoted as new official prices are inaccurate and not based on any official decision, the petroleum ministry stressed.
It confirmed that current petroleum product prices remain unchanged, noting that the committee responsible for monitoring the pricing mechanism for petroleum products has not yet been convened and has issued no decision or recommendation on price adjustments.
Any developments or decisions regarding petroleum product prices will be officially announced by the ministry and relevant authorities, it added.
The government last raised fuel prices in March, increasing gasoline prices by 14.3%-16.9% from 24.00-20.75 per liter , diesel by 17.1% to EGP 20.50 per liter, and compressed natural gas for cars by 30% to EGP 13. Prices also rose for both domestic and commercial butane cylinders by 22.2% to to EGP275 and EGP550 respectively.
Amid speculation over another increase, Hassan Nasr, Head of the General Division for Petroleum Products at the Federation of Egyptian Chambers of Commerce (FEDCOC), said on the Cairo Talks (Hadith El Qahera) TV program that current indicators pointed to a possible hike of 10%-15%.
The denial comes as regional tensions in the Middle East as well as between Russia and Ukraine put pressure on global energy markets, pushing Brent crude prices to $102.65 per barrel. Several countries, including the UAE, Jordan, Germany, and the US, have also raised fuel prices recently.
The post MoPMR Denies Butane Shortage, Fuel Prices Increase first appeared on Egypt Oil & Gas.
