According to a report from Saudi Arabia's "Life News" on March 6th, Egypt's Minister of International Cooperation, Ayman Arabi, revealed that the country is set to launch a new system for distributing gasoline through smart cards. The initiative will begin with government vehicles in May this year, followed by a broader rollout for ordinary citizens starting in July. This move aims to modernize fuel distribution and make subsidies more transparent and efficient.
The implementation of the smart card system is part of Egypt's larger strategy to reform its domestic oil subsidy program. By introducing these cards, the government hopes to ensure fairer access to subsidized fuel and prevent misuse. Under the plan, vehicles with engines below 1600 cc will receive an annual subsidy of 1800 liters, which can be purchased at a discounted rate using the smart card. Any excess fuel beyond the limit must be bought at market prices.
Additionally, each private car owner will be issued one smart card, contrary to earlier rumors that suggested one card per family. Major gas stations across Egypt are also preparing special facilities to support the use of these cards, offering preferential pricing to registered users. This approach not only helps control fuel consumption but also ensures that subsidies reach those who truly need them.
Analysts suggest that this initiative aligns with Egypt’s efforts to meet conditions set by the International Monetary Fund (IMF) as part of its financial assistance package. By implementing a smart card system, the government can significantly reduce its fuel subsidy burden while promoting a more equitable distribution of resources. In line with this, Egypt recently announced its latest economic plan, aiming to bring down the fiscal deficit for the 2013-2014 period to under 11%. This step is seen as a crucial move toward long-term economic stability and sustainability.
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