Egypt pumps around 300,000 tons of diesel per week in order to cover fuel needs of the country's different sector.
Diesel subsidies' cost reached around EGP 150m per day following the recent fuel price increase as every 1 litre of diesel is subsidised by EGP3.
Egypt's Cabinet decided to cut fuel subsidies to ease the budget deficit.
EGPC's Chamber of Operation will implement a new strategic plan to fulfill the local demand of petroleum products.
Tarek El Molla said that Egypt had received two cargoes of diesel fuel from Saudi Aramco.
The Egyptian Ministry of Electricity and Renewable Energy estimated the amount of oil and gas it will need during summer 2017 at 4.1bcf/d of gas, 23,000 tons/d of mazut, and 3,000 tons/d of diesel.
The new prices have increased from $3.16 to $3.26 for a gallon of gasoline, while the retail pump price for a gallon of diesel fuel has increased from US$3.13 to $3.26.
The Egyptian government is currently conducting new negotiations with a number of foreign suppliers to import fuel for April and May.
The Egyptian General Petroleum Corporation(EGPC) and Saudi Aramco will hold meetings by April 2017 to set the supply schedule and quantities required according to Egypt's needs of petroleum products.
USD Exchange rate increases diesel and benzene import bills by $50m per day.
Sherif's Cabinet agreed on allocating ten liters of subsidized fuel a day for each citizen registered in the smart card system.
The UAE has seen hikes in petrol and diesel prices since the start of 2017, for three consecutive months now.
The Egyptian Natural Gas Holding Company (EGAS) will hold a meeting with factories with late dues in order to reschedule payments.
The Egyptian General Petroleum Corporation plans to pump 16,000 tons of gasoline, and 35,000 tons of diesel to gas stations all over Egypt by the start of March in attempts to meet local demand.
The Egyptian refineries are operating at only 70% capacity due to shortages in inputs and a decrease in the efficiency of the refineries.
Egypt to stop pumping diesel and mazut to electricity power plants.
Kaduna, Port Harcourt, and Warri refineries are currently producing more than 6m liters of kerosene and 6m liters of diesel on a daily basis.
South Korea's S-Oil, the country's third-largest refiner, has signed a $1b deal to sell a combined 38m barrels of diesel, naphtha and jet fuel this year to Saudi Aramco.
Tanzania's energy regulator lowered maximum retail prices for diesel and kerosene early January but marginally raised the limit for petrol to reflect changes in global energy costs.
Egypt's natural gas production increased from 4.45bcf/d in November 2016 to 4.5bcf/d.