Egypt’s government moves fuel prices, freezes further hikes for at least one year
Egypt’s government has increased the fuel prices, marking the second rise this year with nearly LE 2 on various range of petroleum products.
In a statement, Friday, the Ministry of Petroleum said that the Automatic Pricing Committee for Petroleum Products has decided to adjust fuel prices, in all grades of gasoline, diesel fuel, and compressed natural gas (CNG) used for vehicle fueling.
The new announced prices came as follows:
Gasoline 95: LE 21.00 per liter (previously LE 19.00)
Gasoline 92: LE 19.25 per liter (previously LE 17.25)
Gasoline 80: LE 17.75 per liter (previously LE 15.75)
Diesel: LE 17.50 per liter (previously LE 15.50)
Compressed Natural Gas (CNG): LE 10.00 per cubic meter (previously LE 7.00)
The ministry noted in the statement that these announced prices will remain stable for at least a year.