No further fuel price hikes after October adjustment

Petroleum and Mineral Resources Minister Karim Badawi confirmed that the fuel price adjustment expected later this year will mark the last increase for 2025.

Speaking during a meeting with editors-in-chief of newspapers and news platforms on Monday, Badawi explained that if the increase takes effect in October, fuel prices will remain unchanged through December. “The upcoming hike will be final, and there will be no further increases this year,” he said.

The minister highlighted that natural gas imported from Israel currently comes at a lower cost than from other sources, making it the most economical option for Egypt.

He also noted that recent declines in domestic gas and petroleum output are due to weaker exploration efforts rather than resource shortages.

Badawi underscored Egypt’s strategic position in the Eastern Mediterranean, stressing that new discoveries in the region offer vast potential for the oil and gas sector.

He added that international companies prefer to carry out exploration projects in the Mediterranean because of Egypt’s established infrastructure and logistical advantages.

Addressing domestic concerns, the minister confirmed that comprehensive investigations are underway into recent cases of fuel adulteration, particularly in gasoline.

He reassured that Egypt retains sufficient capacity to meet the needs of all state sectors and will not face repeated supply disruptions.

He also emphasized that fertilizer supplies remain closely tied to natural gas.

While regional conflicts, including the Israel–Iran war, have posed challenges, Egypt has managed to absorb the impact and keep supplies stable.

Badawi further highlighted that about 60 percent of Egypt’s natural gas production is allocated to electricity generation, which is critical to maintaining energy security.

Looking ahead, he pointed to Egypt’s geographic advantages and active petroleum sector as key drivers of future investment opportunities.

He reaffirmed that the government is committed to maintaining stability in fuel pricing, accelerating exploration activity, and strengthening Egypt’s position as a regional energy hub.