0:00 The new increase The impact of exchange rate fluctuations God, what fluctuations? Isn’t the price supposed to go down? It’s here to promote it. Peace be upon you. Welcome to all of you. We have two large increases, the smallest of which is 20%. What is the reason? Someone told you the rise in global fuel prices. God, fuel. So we will talk about the increase in electricity prices. Well, he increased it in July, sir. There is no announcement. Or really, there is no announcement, but you paid the bill extra and charged the card extra. We want to announce it. He told you the announcement will include an increase greater than what you increased secretly. How? What will happen? And why did he tell you the rise in global fuel prices? Well, wasn’t there a war between
0:47 Iran and Israel and this issue? It’s over, and oil is fluctuating. Why are you calculating the ups and downs? Only two told you the impact of exchange rate fluctuations. Well, you yourself say that the exchange rate fluctuations in Egypt, the dollar is going down and improving, etc. Even Dr. Hani Tawfik says We would like to know the amount of hashish that is taken by people who say that the dollar has gone down to 40 and 35, and these things are still being asked to be read to him. He still wrote them, so what does this affect you? I mean, this will cause the exchange rate to go down for you. I mean, you are tired. What will it have an effect on? He told you about the cost of importing energy components and the cost of importing components for generating stations. You want to pay it to us? This cost, okay? So the
1:35 dollar is high for you. It's in electricity, in energy components, and in generating stations. It's just going down in the bank on the board. Okay, I'll go with you. The production networks are also more expensive. Their cost is expensive. And the distribution networks are also more expensive. God, all of this is in dollars. Okay, what else? He told you that maintenance expenses have increased. Why? It's also due to the dollar. Any dollar? The dollar is going down. Aren't you the one who said that it's going down and the crisis is over? The economic crisis. Why are you complaining? Increase in maintenance expenses and increase in the expenses of expanding the electricity networks in the governorates of the republic. Okay, you are now implementing a rationalization plan for the support
2:22 that is committed to with the International Monetary Fund that the consumer pays the value of the cost and the fifth review with the hybrid review and they are postponed until the end of the year until we implement this process. He said to you, “Well, did you see that it satisfies you? I mean, I will offer you more than this. I will raise the official price of electricity, but by a percentage higher than the one for seven months seven. Okay, and this, God willing, is in the 8th year.” He said to you, “Yes, in the 8th year.” So this is the date under the title of restructuring the support or directing resources towards improving the efficiency of the system and reducing the gap between the actual cost and the selling price. You and your Excellency will pay a little more in electricity. Well, this causes inflation and raises the cost of life around us. I will talk to you about
3:10 this after I give you the second increase, the one for the increase in gas. Wait a little bit because the dollar is going down, not Coming down or giving up? Yes, yes, thank you. Let me give you the details, sir. In the Ministry of Electricity and Renewable Energy, some talk has leaked that there are rapid movements announcing new increases in the prices of electricity consumption brackets in August, and they will be applied to September consumption. That’s it. September is the 15th day of the new increase in electricity prices. I told you, by God, because we have an unprecedented rise in the cost of producing a kilowatt as a
3:57 result of the decline in Egypt’s production of natural gas and the decline in its production of crude oil and the reliance on importing gas and diesel from abroad. This is double the bill. Excuse me, and the deal that was made for M35. No, we will not go to the deal now. The monthly fuel bill has doubled to more than 25 billion pounds, making 510 million dollars. He told you, if we do not increase the price of the electricity burner, we will be forced to resort to reducing the loads, so the electricity will be cut off. Are you satisfied, Mama Hawa? Are you satisfied, Baba Adam? Okay, is there no other solution? He told you, it is better for us to submit to the financial pressure
4:46 than to go To ease the burden, sir, what is in front of us now? He told you two scenarios: implementing the increase starting in September or postponing it until January 2026. Why? He told you, by God, that there are economic and political considerations for the lower consumption brackets, 45% of the upper bracket, up to here, meaning in the year 28 or 29, in order to structure the support and so on. I think that they will adhere to the fund’s instructions on time. I don't think this second scenario is likely, even with the increase that happened. It's not possible to say secretly that people are paying it. It happened without an announcement. I mean,
5:33 people found themselves paying an increase without an announcement. So, what about the other increase that will come? How much is it in the price of electricity? They told you from 10 to 15. These are household brackets, household brackets on a timetable. There are people bound by agreements, such as the Federation of Industries, who say no, we are not surprised and we know that this will happen soon. I will go to the one they have next, but I have in front of me the data of the Electricity Regulatory Authority. So far, what has been announced so far is the tariff for household consumption, seven brackets, 68 piasters, the first is 50 kilowatts, gradually increasing to 223 piasters for the bracket that exceeds
6:19 1000 kilowatt hours per month. The commercial tariff is 85 piasters and 233 piasters, depending on the size of consumption. There are five brackets here, starting from zero to 100 kilowatts and reaching above 1000 kilowatts. Estimates say that all these values will be subject to review. The full increase that will come in this new one, even the segments themselves will differ from one to the other. Yes, the commercial segments will have varying increases according to the size of the activity, its type, and its consumption. I will not go to the Ministry of Finance’s data on the electricity issue specifically, but I regret that the decision-maker does not ignore it. He tells you, “This is it, and what should I do?” I mean, there is no solution. This is a residential facility whose price is being raised,
7:09 or the price of a basic service for it. Consequently, inflation rates are accelerating terribly. The prices of goods, the prices of services, the rise in transportation costs for goods, services, and individuals, distribution costs. Well, rely on solar energy. He tells you, “I will rely on it, God willing. I am working now on improving consumption efficiency.” Well, how much was the waste? Thank you, one point. And let’s go to gas. What is the second increase, sir? What are you going to do? He told you, “By God, we intend to raise gas prices.” Well, you made a deal with Israel for 35 billion, and you said, “I will bring this and that.” He told you, “No.” The manufacturers specifically have a
7:55 schedule between them and the government. Timely, so they told us the increase will be around 20% in gas. When is 20%? Well, he told you in September. What will this September increase be? What is it? Well, what is this increase? Will it come to us around what? 20%? Well, we have operating sectors like fertilizers and petrochemicals that serve agriculture. So, all agricultural products will increase. Their price will increase. You don’t know this. Also, iron and building materials. So, the cost of real estate. This decision is coming with an invoice. What is it? He told you that the invoice for this August will be announced at the end of it. That is, at the end of the month, an announcement will be made. You pay the invoice
8:40 in September for August with the 20% increase in gas. But you have been supplying gas for three months. So, the increase is halved. You have an answer to everything. Well, go ahead, talk about a timetable and a prior agreement between the Ministry of Petroleum and the Federation of Chambers of Industry. This agreement states that the dates for implementing the increase in gas and fuel prices, which the government is canceling subsidies for, will target The complete cancellation by the end of 2025, which is the three or four months remaining in the year. This is a plan agreed upon with the International Monetary Fund since March 24, and the union was informed of the timetable.
9:27 Therefore, these timings were previously determined, so it will not be possible to exchange months, but the postponement is an increase in the verse. Yes, the step of increasing prices. He told you that our original bill for this year’s liquefied gas is 20 billion dollars. This is what Bloomberg published, by the way, the cost. The man said, “Where will I get 20 billion from?” So we are increasing the prices of gas generation from foreign partners in gas and oil. They increased it for British Petroleum, and I increased it, and Dana and all the companies and Apache, all of their contracts were amended by an increase. He told you that we also adjusted the gas
10:15 coming from Israel by 30%, an increase. We discussed this in a dangerous episode, and you will see it from a few days ago. I have a lot to say on this side, but it is all technical, so we will make the broadcast live. If you would like, write to me in the comments, so we can continue in Live broadcast Two countries increase awaits us, meaning great inflation awaits us, and with inflation we must be cautious, so be cautious as much as possible in everything The price of the dollar is gold and the gold that is with it is gold, preserve it and do not sell it. Wait a long time and the price of cars is going down. I think it is appropriate to enter it. Do not be fooled by all the talk about local production and the consumer pound. All the goods around you now, say goodbye to their prices, a big goodbye because they will rise.
11:01 Thank you. My regards, Muhammad Muhyi al-Din. Video description Where are you? WhatsApp and Telegram Join us Leave a comment If you want a live broadcast, write to me or not, write to me No, no, so that we do not see other topics. Until we meet again
