Egypt raises gas price for high-use industries to $5.75
- Economy
- Reuters
- Published Date: 03:54 | 29 October 2021
- Modified Date: 03:54 | 29 October 2021
Egypt has increased the selling price of natural gas for the industrial sector to $5.75 per million thermal units for high consuming industries and $4.75 for other industries, according to the official gazette.
The government has previously reduced the natural gas price to $4.5 as part of measures meant to support economic growth.
The high consuming industries mentioned in the official gazette announcement are cement, iron and steel, and fertilisers.