Egypt Hikes Pump Prices for Gasoline, Diesel in Subsidy Reform Push
The Fuel Automatic Pricing Committee adjusted prices for the third quarter, with 80-octane gasoline rising to 12.25 Egyptian pounds (0.25 U.S. dollars) per liter from 11 pounds, 92-octane to 13.75 pounds from 12.5 pounds, and 95-octane to 15 pounds from 13.5 pounds.
Diesel prices saw the sharpest increase, climbing to 11.50 pounds per liter from 10 pounds previously. Prices for mazut, a heavy fuel oil used by industries, remained unchanged.
The move follows comments by Prime Minister Mostafa Madbouly, who outlined the government's plan for gradual fuel price adjustments to end fuel subsidies by December 2025.
The ministry established the Pricing Committee in 2019 to conduct quarterly reviews of domestic fuel prices, aligning them with global market fluctuations.
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