Egypt .. Rise in gasoline prices as of this Friday morning .. Here are the prices

Dubai, United Arab Emirates (CNN) – The Automatic Petroleum Pricing Committee in Egypt has released the new quarterly prices which will start operating from 9 a.m. this morning, Friday, July 23.

This is what emerges from a press release issued by the Ministry of Petroleum, which specifies: “The Automatic Pricing Committee for Petroleum Products, which is responsible for monitoring and implementing after the end of last June to recommend modifying the prices in effect in the local market for the quarter July / September 2021, where the selling price of gasoline-based products of the three types was changed from nine in the morning as follows:

6.75 pounds per liter of gasoline 80.

8 pounds per liter of gasoline 92

9 pounds per liter of gasoline 95

Fixing the selling price of diesel at 6.75 pounds per liter

Fixing the selling price of diesel for the industrial sector at EGP 3,900 per tonne.

The statement added: “The committee examined the average Brent crude prices on the world market and the dollar exchange rate against the British pound for the period April / June 2021, which are considered to be the influencing factors and the most important determinants of the cost of supply. and sell petroleum products in the local market, in addition to other charges and costs. The committee’s recommendations came in light of current conditions. What is going through the world, such as the extreme fluctuation in world prices depending on what the world sees from different events such as (Covid-19) and production cuts. “

And the statement continued: “The equation resulted in an increase in the price of Brent crude by 12% and exchange rate stability, and by applying the price equation to a maximum of 10%, the Committee saw to In light of the current conditions with regarding the virus (Covid-19), as well as the sharp fluctuation in Brent crude prices due to supply and consumer demand, the committee reviewed the cost during the fiscal year 2020/2021 and in light of the above factors, the committee recommended an increase in all types of gasoline by 25 piastres per liter and stability in the price of diesel due to its direct and indirect impact on the prices of gasoline. transport and food, as well as the price stability of diesel, the industry supplier activities. “.