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Egypt cuts price of jet fuel to support aviation, tourism sectors

Egypt cuts price of jet fuel to support aviation, tourism sectors
The initiative will be applied from 21 January until the end of 2021.

Cairo – Mubasher: The Egyptian Minister of Petroleum and Mineral Resources, Tarek El-Molla, announced a reduction in the price of jet fuel by 15 cents per gallon as part of a new initiative to support the aviation and tourism sectors.

This move is part of the government’s efforts to relieve the impact of the coronavirus pandemic on these key sectors, El-Molla said in a statement on Wednesday.

The initiative will be applied from 21 January until the end of 2021.