Egypt raises fuel prices until September

A worker gesturing for cars to move as others fill up a at a petrol station in Cairo, Egypt on June 29, 2017 [KHALED DESOUKI/Getty Images]

The Egyptian government has raised the prices of fuel sold during the period between July and September, amid increases in global oil prices.

The Egyptian Petroleum Products Automatic Pricing Committee decided to implement an increase in fuel prices by 50 piasters ($0.03) per litre, except for 95 octane gasoline, which was raised by 100 piasters ($0.06).

According to the new prices, the price of a litre of 80-octane gasoline rose from 7.5 Egyptian pounds ($0.40) to eight Egyptian pounds ($0.43) as of today until the committee meeting in September.

The price of a litre of 90-octane gasoline increased from 8.75 Egyptian pounds to 9.25 Egyptian pounds, and the price of a 95-octane litre of gasoline increased from 9.75 Egyptian pounds to 10.75 Egyptian pounds.

Meanwhile, the committee decided to implement an increase in diesel prices from 6.75 Egyptian pounds to 7.25 Egyptian pounds.

READ: Egypt awards gas exploration rights to BP

Unless otherwise stated in the article above, this work by Middle East Monitor is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. If the image(s) bear our credit, this license also applies to them. What does that mean? For other permissions, please contact us.