Egypt launches digital system to manage fuel supply in cooperation with e-finance

Egypt launches digital system to manage fuel supply in cooperation with e-finance

Tarek El Molla, Minister of Petroleum and Mineral Resources, announced the launch of a digital platform of petroleum products and natural gas, as part of the integrated programme for digital transformation.

The Minister of Petroleum said that the first of the new digital services is to provide an integrated system to manage and follow up on the supply of fuel to cars using a smart card instead of paper coupons, which ensures more secure transportation and circulation of petroleum products and preserves the rights of the contracting parties, through data that can be known through the smart card, such as determining the type of fuel used in vehicles, controlling balances in terms of value and required quantities, and providing periodic follow-up reports to help the decision-maker in the contracting authorities, in addition to providing telephone technical support services for this by e-finance.

El Molla revealed the provision of cash out services from gas stations in cooperation with e-finance company and entities affiliated with the Ministry of Petroleum such as the Egyptian General Petroleum Corporation and petroleum products marketing companies.

Withdrawal services at gas stations enable citizens to withdraw cash from the gas station using their own bank card.

El Molla also pointed to the