Creating new perspectives since 2009

Egypt: Second price hike for cooking gas in 3 months

March 19, 2022 at 12:46 pm

An Egyptian man arranges fruits at a shop in a market in Cairo. [KHALED DESOUKI/AFP via Getty Images]

Egyptian Prime Minister Mostafa Madbouly issued the second compulsory price hike in three months for cooking gas, Egyptian media reported on Friday.

The price of a 12.5 kg cylinder of cooking gas is now 75 Egyptian pounds, previously 70 Egyptian pounds – a seven per cent increase.

A 25 kg gas cylinder is now 150 pounds instead of the previous 140 before the price hike.

According to the decision, the price of a tonne of cooking gas is now 6,000 pounds, not including the freight price, compared with the previous 5,600 pounds.

The new prices will take effect on 18 March, 2022.

Recently, Egyptian President Abdel Fattah Al-Sisi directed the formation of a committee to fight the monopoly across Egypt following the start of the Russia-Ukraine war that negatively affected the basic commodities market, including wheat and cooking oil.

Read: Following the invasion of Ukraine, inflation and a shortage of foreign currency has hit Egypt