Airline Fuel Prices Slash by USD 0.15/Gallon Starting 21st January

The aviation industry is getting a break on fuel through the end of the year after the government decided yesterday to slash prices by another USD 0.15/gallon as of 21st January 2021 to help airliners stay afloat through covid-19. This is the second time the government has cut fuel costs for airlines since the pandemic began, reducing prices by USD 0.10/gallon in April 2020. Policymakers hope the move encourages air carriers to increase flights to domestic tourist destinations and comes as the government launches a campaign to persuade more Egyptians to vacation locally. (Cabinet Release)