Egypt Raises Gasoline, Diesel Prices

The Egyptian Ministry of Petroleum and Mineral Resources announced an increase in gasoline prices, as the Automatic Pricing Committee decided to raise the prices of gasoline and diesel by 25 piastres, as of Friday, October, 8.

The price adjustment for the sale of all three types of gasoline products, as of Friday, is as follows:

Gasoline 80 octane was adjusted at EGP 7 per liter.

Gasoline 92 octane was set at EGP 8.25 per liter.

Gasoline 95 octane reached EGP 9.25 per liter.

Diesel increased 25 piastres to EGP 7 per liter.

While the selling price of a cubic meter of compressed natural gas used as fuel for cars was set at 3,75 piasters with normal specifications, including the specific stamp duty in accordance with the laws issued in this regard.

The selling price of a ton of diesel was set at EGP 4,200 per ton for delivery of distribution warehouses for the brick and cement kiln industries and the rest of the sectors, agencies and other uses.

Diesel for the rest of the sectors was set as at EGP 1,500 per ton, to be delivered to the consumer for the food industries, and EGP 2,500 per ton for consumer delivery to electricity and energy production companies that sell their electricity production to companies affiliated with the Ministry of Electricity and Renewable Energy.