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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Egypt’s Suez Canal Increases Tolls for Laden Crude Oil Tankers

Suez Canal Suez Egypt Suez Canal Authority Authority Osama Rabie
Osama Rabie, Chairman of the Suez Canal Authority, speaks during a news conference, in Suez, Egypt February 15, 2022. (Reuters)

Egypt's Suez Canal Authority said on Tuesday it will temporarily increase a surcharge levied on laden crude oil tankers and petroleum products tankers transiting the canal in both directions to 15% of normal dues from 5%, effective May 1.

It said that ballast crude oil tankers and petroleum products tankers transiting the Canal in both directions are still required to pay a surcharge of 5% of normal transit dues.

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