Last Update 12:12
Fuel Smart Cards for 1100 Egyptian firms
Heavy-fuel customers selected for new government subsidy programme
Ahram Online, Tuesday 15 Oct 2013
Share/Bookmark
Views: 2307
petrol station
A worker fills the tank of a car at a petrol station in Cairo, March 12, 2013. (Photo: Reuters)

The Egyptian government has selected 1100 heavy-consumption fuel customers to use the new smart card system for subsidised fuel, the ministry of finance stated on Tuesday.

Among such clientele are big construction firms, mobile companies, hospitals, hotels and tourism resorts.

The new system is intending to extend this service to all heavy-consumption customers by the end of November.

Smart cards are part of a programme to prevent the leakage of petroleum products onto the black market and to smugglers. It aims to restrict governmental fuel subsidies, which reached LE120 billion in 2012/13, compared to LE40 billion in 2005/06.

The total energy subsidies bill is expected to be reduced to LE100 billion in 2013/14.

The government has prepared seven million smart cards for issue once user data has been revised by the ministry of interior.

The state’s ministries of finance and interior are working with E-Finance Company to operate the new system.

According to the statement, vehicles and users without a traffic licence, such as agricultural vehicles, bakeries and fishing boats, will be eligible for more than four million smart cards.

Around 12.3 thousand devices for the new cards will be available at gas stations nationwide in the first week of November, the statement added.

Egypt sells many energy products at prices substantially below the cost of production.

Successive governments have struggled to cut the cost of energy subsidies, which make up 20 percent of all state expenditure, without angering citizens.



Search Keywords:


Short link:

 

Email
 
Name
 
Comment's Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 4000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
1



Gamal M A
16-10-2013 07:56am
2-
0+
fuel crisis
wait more crisis for all kind of means life
Email
 
Name
 
Comment's Title
 
Comment

© 2010 Ahram Online. Advertising