Sisi outlines energy cost burden and subsidy plans at Egypt Forum 2026

President Sisi discussed energy costs with Prime Minister Madbouly at Egypt Forum 2026, where officials said the state subsidizes most energy prices.

• Sisi stated the state bears the largest share of the real cost of energy supplied amid high global prices.
• Madbouly said the budget assumed $75 per barrel of oil, while the price has since reached $110.
• Finance Minister Kujok said total government support, including loan costs, amounts to about one trillion Egyptian pounds this fiscal year.
• Madbouly said Egypt's target is to rely on renewables for 50 percent of its energy mix by 2030.
• Madbouly said the state faces three options amid rising oil prices, including passing the full cost increase to citizens or absorbing it through borrowing, which would add interest burdens and raise public debt.
• Madbouly said the state faces three options: pass costs to citizens, absorb via borrowing, or limit fuel purchases, forcing 6–8 hours of daily load-shedding.
• Madbouly added that borrowing is not costless, as interest would roughly double the owed amount within seven years.
• Sisi said the state has pursued a plan since 2014 to address the 2012–2013 energy crisis, with financing scale and source as the main challenge.