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The Egyptian government has decided to increase fuel prices for the second time in 3 months.
Egypt’s petroleum ministry announced an increase in fuel prices, as the Automatic Fuel Pricing Committee decided to increase gasoline and diesel prices by 25 piastres, adding that the new prices would start working at from Friday.
Of the decision to increase gasoline prices
The ministry has decided to change the selling price of the three types of gasoline-based products, starting at nine o’clock on Friday morning, which are: 7 pounds per liter of gasoline 80, 8.25 pounds per liter of gasoline 92nd and 9.25 pounds per liter of 95 gasoline, and the increase in diesel came from 25 piastres, to reach 7 pounds. .
The ministry decided to set the selling price for a cubic meter of compressed natural gas used as fuel for cars at the catering station at 375 dollars for normal specifications.
Last July, the government also decided to increase fuel prices by 25 piastres per liter.
This is the third increase on Friday since the establishment of the price committee in October 2019 following the completion of economic reforms and the phasing out of subsidies on petroleum products as part of a sustained reform program by the IMF.
The Fuel Prices Committee, which includes representatives from the ministries of petroleum and finance, is based in its decision on the measurement of the level of international petroleum prices, exchange rates, transport, operating and fuel costs. production, and meets quarterly to review fuel prices, increase or decrease by 10%, or stabilize them.
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