This is the second fuel price hike implemented by the government in 2025 since April. The Ministry of Petroleum and Mineral Resources (MoPMR) announced that prices will now be frozen for at least one year, citing ongoing economic developments at the local, regional, and global levels.
This move comes as part of Egypt’s program with the International Monetary Fund (IMF), which has urged the government to reduce subsidies on fuel, electricity, and food while strengthening social safety nets. The measures are tied to a USD 8 billion (EGP 400 billion) loan agreement.