Fuel consumption in Egypt hits unprecedented levels in August
Egypt’s minister of petroleum and mineral resources, Sherif Ismail, announced that August witnessed the highest fuel consumption rate in the history of Egypt.
Ismail adds that power plants’ consumption of gas and diesel rates amounted to roughly 145 million cubic metres of gas, reports UAE-based Aliqtisadi.
The consumption rates reached in August were 175 per cent higher than the rest of the past months.
The oil sector has imported close to 18 shipments of gas (LNG), roughly six boats of liquefied gas during the past few days, to provide for the needs of power stations, and avoiding power outages as was the case in past years.
Ismail explains that each day during the heat wave cost the country approximately EGP300 million, according to world prices.
The minister reveals that the cooperation between the ministries of oil and electricity to save fuel is one of the most important and main reasons that helped the continuation of the power supply without interruption.
He expects the electricity consumption of fuel to decline by nearly ten per cent over the next month after the improvement of weather conditions and low temperatures.
(EGP 1 = AED0.47, at the time of publishing)