Egypt’s Ministry of Petroleum and Mineral Resources successfully supplied power stations across the country with shipments of natural gas and mazut fuel valued at approximately EGP 32 billion during June and July. The cost of fuel supplied to power stations increased by 5-7% during these two months due to external contracts secured by the Ministry to bridge the gap between domestic production and consumption, exacerbated by rising temperatures. The ministry continues to provide fossil fuel-based power plants with the necessary fuel at prices below actual cost, with mazut priced at EGP 2,500 per ton and natural gas at $3 per million British thermal units (MBtu), despite the actual cost to the ministry being closer to $4.25 per MBtu. The Ministry of Electricity covers about 30% of the monthly fuel bill but had expected to increase payments following a planned electricity price hike in July, which was postponed until August.