Egypt raises fuel prices amid economic reform, transportation cost surge

STORY: Egypt raises fuel prices amid economic reform, transportation cost surge SHOOTING TIME: Archive DATELINE: March 23, 2024 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Egyptian Ministry of Petroleum 2. various of fuel stations in Cairo STORYLINE: Egypt announced on Friday it would raise the prices of fuel due to the impact of exchange rate liberalization on the economy and rising transportation costs of petroleum products. The Ministry of Petroleum and Mineral Resources said in a statement that gasoline prices would rise by one Egyptian pound (about 2 U.S. cents) per liter, bringing the price of 80-octane gasoline to 11 pounds, 92-octane gasoline to 12.5 pounds, and 95-octane gasoline to 13.5 pounds. The ministry attributed the price hike to exchange rate liberalization and the rising transportation costs of petroleum products, exacerbated by tensions in the Red Sea. Additionally, diesel prices rose to 10 pounds per liter from 8.25 pounds, and the price of the 12.5

Egypt raises petrol prices, keeps diesel unchanged

STORY: Egypt raises petrol prices, keeps diesel unchanged SHOOTING TIME: File DATELINE: Nov. 4, 2023 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. Ministry of Petroleum (file) 2. Shots of fuel stations (file) STORYLINE: Egypt raised domestic petrol prices on Friday while keeping the diesel price unchanged, according to the country's Ministry of Petroleum and Mineral Resources. Prices of 80-octane, 92-octane, and 95-octane petrol per liter were raised from 8.75 Egyptian pounds (28 U.S. cents), 10.25 pounds, and 11.5 pounds to 10 pounds, 11.5 pounds, and 12.5 pounds, respectively. The diesel price remained unchanged at 8.25 pounds per liter. "Stabilizing the diesel price is important to preserving public interest because of its impact on transport costs and commodity prices," the ministry said. This is Egypt's second time of fuel price adjustment this year. Early in May, the country raised its diesel price by one pound to 8.25 pounds per liter while keeping gasoline prices u

Syria doubles salaries amid fuel price hike

STORY: Syria doubles salaries amid fuel price hike DATELINE: Aug. 17, 2023 LENGTH: 00:01:21 LOCATION: Damascus CATEGORY: ECONOMY SHOTLIST: 1. various of Damascus streets 2. various of a Syrian bank 3. various of Syrians waiting in the fuel queue 4. various of Syrians buying daily needs STORYLINE: Syrian President Bashar al-Assad on Tuesday ordered a 100-percent salary raise as the government sharply raised fuel prices, according to the state news agency SANA. The salary increase, covering state employees, retirees, and military personnel, is the ninth since 2011 when the Syrian war broke out. The country's economy has since been mired in an economic crisis. Prior to the decision, the monthly salary of civil servants had been between around 10 and 25 U.S. dollars, depending on the Syrian pound's street value. Also on Tuesday night, the Syrian Ministry of Internal Trade and Consumer Protection raised the prices of diesel fuel for transportation and bakeries by about 180 percent, and normal-octane gasoline

Egypt raises diesel prices amid global inflationary pressures

STORY: Egypt raises diesel prices amid global inflationary pressures DATELINE: May 5, 2023 LENGTH: 00:01:01 LOCATION: Cairo CATEGORY: ENERGY/ECONOMY SHOTLIST: 1. various of fuel stations in Egypt STORYLINE: Egypt raised its diesel prices by one Egyptian pound to 8.25 pounds (27 U.S. cents) per liter while keeping gasoline prices unchanged, Egypt's petroleum ministry said in a statement early on Thursday. The decision by the country's Fuel Automatic Pricing Committee (FAPC) came into effect at 02:00 a.m. local time (0000 GMT) on Thursday. The decision was made "amid the ongoing increases in the prices of crude oil and petroleum products globally," the statement said. Prices of 80-octane, 92-octane, and 95-octane petrol remained at 8.75 pounds, 10.25 pounds, 11.5 pounds respectively, while the price for mazut that is used for non-electricity and bakery purposes remained at 6,000 pounds per ton, the statement added. According to Waleed Gaballah, an Egyptian economic expert, the FAPC decision w

Average gasoline price tops 140 yen in Japan

Average gasoline price tops 140 yen in Japan

TOKYO, Japan - A sign board at a gas station in Osaka shows the price of regular and high-octane gasoline climbed at 152 yen and 162 yen per liter, respectively, on March 9, 2011. The average retail price of regular gasoline in Japan has topped 140 yen for the first time since November 2008 amid the political unrest in the Middle East and North Africa.

Bangladesh hikes fuel prices to highest in history

STORY: Bangladesh hikes fuel prices to highest in history DATELINE: Aug. 7, 2022 LENGTH: 00:03:25 LOCATION: Dhaka CATEGORY: ECONOMY SHOTLIST: 1. various of gas stations in Bangladesh STORYLINE: Bangladesh's retail fuel prices have been hiked to levels not seen since the country's independence in 1971. The Bangladeshi government Friday night hiked the fuel prices by up to 51.7 percent with effect from Saturday. According to a price notification from the Ministry of Power, Energy and Mineral Resources, a liter of octane now costs 135 taka (1.43 U.S. dollars), which is 51.7 percent higher than the previous rate of 89 taka (0.94 dollars). The prices of diesel and kerosene have been increased by 42.5 percent to 114 taka (1.20 dollars) per liter. Also, each liter of petrol now costs 130 taka (1.37 dollars), a rise of 44 taka or 51.1 percent, said the press release. Officials said the latest price hikes at the retail level were inevitable to reduce the subsidy burden on state-run distribution companies. Als

Egypt increases domestic fuel prices

STORY: Egypt increases domestic fuel prices DATELINE: July 14, 2022 LENGTH: 00:00:52 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. shots of the building of Egypt's Ministry of Petroleum and Mineral Resources 2. shots in fuel stations STORYLINE: Egypt's Ministry of Petroleum and Mineral Resources announced on Wednesday an increase in the prices of domestic fuel derivatives. "Egypt's fuel pricing committee in a quarterly review raised domestic fuel prices by 0.50 Egyptian pounds (0.026 U.S. dollars) for 80-octane, 92-octane petrol and diesel, while 95-octane petrol was raised by 1 pound," the ministry said in a statement. Prices of 80-octane, 92-octane, and 95-octane petrol were increased to 8 pounds, 9.25 pounds, and 10.75 pounds per liter respectively, while diesel reached 7.25 pounds. The decision, which came into effect as of 9 a.m. local time on Wednesday, applies till September 2022, the statement said. The decision was taken amid the decline of the Egyptian currency against the U.S. d

UKRAINE-KIEV-DAILY LIFE

UKRAINE-KIEV-DAILY LIFE

(220531) -- KIEV, May 31, 2022 (Xinhua) -- An electronic display shows 92-octane gasoline and 95-octane gasoline sold out at a gas station in Kiev, Ukraine, May 30, 2022. (Photo by Roman Petushkov/Xinhua)

Egypt raises gasoline prices by 0.25 EGP per liter

STORY: Egypt raises gasoline prices by 0.25 EGP per liter DATELINE: April 16, 2022 LENGTH: 00:01:01 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Cooperation fuel station 2. various of cars fueling up 3. various of fuel stations STORYLINE: Egypt on Friday increased fuel prices in the local market by 0.25 Egyptian pound (0.016 USD) per liter of gasoline. The move is part of a periodic review for the second quarter of the year amid global increases in fuel prices caused by the Russia-Ukraine conflict. The per liter price of 80-octane gasoline rose to 7.50 Egyptian pounds, 92-octane gasoline to 8.75 pounds and 95-octane gasoline to 9.75 pounds. Meanwhile, diesel will continue to be sold at 6.75 Egyptian pounds per liter. The periodic fuel pricing is taken by Egypt's Fuel Automatic Pricing Committee which reviews and adjusts local fuel prices quarterly in line with changes to prices in the global market. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

Cars (2006)

Cars (2006)

Guido, Luigi & Lightning Mcqueen Characters: Guido,Luigi & Lightning McQueen Film: Cars (2006) Director: John Lasseter 09 June 2006 Guido and Luigi can't believe that the champion Ferrari Michael Schumacher is in their tire shop. CARS, the seventh animated feature to be created by Pixar Animation Studios and released by Walt Disney Pictures, is a high octane adventure comedy that features a wide assortment of cars as characters who get their kicks on Route 66. The film is directed by Academy Award

Cars (2006)

Cars (2006)

Lizzie Characters: Lizzie Film: Cars (2006) Director: John Lasseter 09 June 2006 Lizzie, oldest resident in Radiator Springs. CARS, the seventh animated feature to be created by Pixar Animation Studios and released by Walt Disney Pictures, is a high octane adventure comedy that features a wide assortment of cars as characters who get their kicks on Route 66. The film is directed by Academy Award

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Octane (2003)

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Octane (2003)

Octane (2003)

Madeleine Stowe Film: Octane (2003) Director: Marcus Adams 16 May 2003 Date: 16 May 2003

Octane (2003)

Octane (2003)

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Average gasoline price tops 140 yen in Japan

Average gasoline price tops 140 yen in Japan

TOKYO, Japan - A sign board at a gas station in Osaka shows the price of regular and high-octane gasoline climbed at 152 yen and 162 yen per liter, respectively, on March 9, 2011. The average retail price of regular gasoline in Japan has topped 140 yen for the first time since November 2008 amid the political unrest in the Middle East and North Africa. (Kyodo)