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ANN Africa: Egypt introduces price index for fuel to revive economy

Oil ministry spokesperson Hamdy Abdel-Aziz says the new mechanism will start in April and that 92-octane and 80-octane gasoline will not be affected.
10.01.19 | Interesting article at ANN Africa

Egypt has created a new 95-octane gasoline automatic price index mechanism as part of a reform programme geared towards reviving the economy. The move is aiming to link gasoline prices to global oil prices.

Oil ministry spokesperson Hamdy Abdel-Aziz says the new mechanism will start in April and that 92-octane and 80-octane gasoline will not be affected. The government says, technical committee will be established to review the pricing mechanism every three months.