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Egypt issues 2 million fuel smart cards

Fuel smart cards are part of government's plans to rationalise expenditures on fuel subsidies

Ahram Online, Friday 4 Apr 2014
Egypt
Egypt's new fuel smart card
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Views: 3609

Egypt’s freshly issued two million fuel smart cards are ready for use in petrol stations nationwide, a senior official at E-finance Company, which operates the smart card system, said on Thursday.

Reuters reported that the government aims for a total of 4.5 million cards to be issued over the programme’s second phase, which began last July.

Egyptian authorities have already implemented the first phase of the smart card system, which consisted of issuing cards for tanker trucks and gas stations and building a database of companies and depots for fuel distribution.

The smart card system aims to curb the smuggling of subsidised fuel and thus help to rationalising state subsidies for petroleum products, which registered LE50 billion ($7.1 billion) in the first eight months of the fiscal year 2013/14.

The energy subsidies bill is expected to total near LE100 billion in 2013/14, comparing with LE120 billion ($17.2 billion) in the fiscal year before.

Some 8,000 workers around the country have already been trained to implement the fuel smart card system at 400 petrol stations. 

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ayman
06-04-2014 10:31am
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First step
This system makes it clear where fuel is being distributed and used. It's a good first step to reducing theft and later on can be used as the basis for implementing a more focused fuel subsidy plan instead of just subsidizing everything and everyone.
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expat
05-04-2014 05:19pm
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following pakistans tracks
its funny to see years after the check book used in pakistan,another failed state, this funny business card,which only shows,that the state is not any more able to supply the basic needs of its own economy the simple fact,that nobody tries to root out the 1000 of ways,how your own folks steal this country day by day shows the total lack of organisation and power of this state...this cards will help simply nothing,the theft is in the blood of the people
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Dave
07-04-2014 09:27am
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True
Well said, After living there for 8 years I always counted my fingers after shaking hands with the locals no matter how high up the tree they were.
expat
06-04-2014 06:59pm
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voting down doesnt help
facing the truth,from big to small,each and everybody in this country steals by a smile,as he/she thinks its a god given right,and if catched,pretends,it was not her/him,even if catched red handed,once sharia implemented,this country would consist of one handed fellows,including the judges
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Barbara
04-04-2014 10:37pm
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Petroleum Smuggling
The smart card system will not prevent all smuggling of petroleum. I know of 2 recent instances where friends in Egypt had water-laced benzene dispensed at a petrol station; in Cairo and Luxor. Consequently in addition to paying for benzene and been cheated, the car engine was also damaged. More importantly, it is evidence that a quantity of benzene delivered to the petrol station either didn't arrive or was sold off privately by the owners to the black market.
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Luce
31-05-2014 05:16pm
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I like reading through an article that can make people think. Also, thanks for allowing for me to comment!
I like reading through an article that can make people think. Also, thanks for allowing for me to comment!
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