Morsi government blames hoarding, smuggling for worsening fuel crisis

Special to WorldTribune.com

CAIRO — Egypt has asserted that hoarding and smuggling exacerbated the fuel shortage.

Egyptians push their cars as they wait in long lines at a gas station in Cairo on June 25. /Amr Nabil/AP

Officials said Egypt’s fuel reserves were in danger of being depleted in July. They said hoarding and smuggling have eliminated most supplies in the Egyptian market.

“The worry of Egyptians has pushed them to hoard petroleum products,” Egyptian Petroleum Minister Sheriff Hadara said.

At a news conference on June 25, Hadara dismissed rumors that the regime of Egyptian President Mohammed Morsi would suspend the supply of high octane gasoline.

The minister assured Egyptians that the long lines at gasoline stations would be eliminated within days. A government report asserted that
more than 350 million liters of fuel were smuggled since the ouster of President Hosni Mubarak in January 2011.

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Morsi government blames hoarding, smuggling for worsening fuel crisis added by World Tribune on June 28, 2013
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