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According to the statement, Egypt reduced the price of 95 octane gasoline to 8.50 pounds per liter, from 8.75 and gasoline 92 to 7.50 pounds from 7.75, and gasoline 80 to 6.25 pounds from 6.5 pounds.
The automatic pricing committee for petroleum products instructed the reduction by 25 piasters only to: “spare part of the savings achieved from cost reduction to meet the expected rise in cost during the coming period, as well as facing the increasing burden of facing the consequences of the Corona crisis.”
She said that this comes “in light of the unprecedented exceptional circumstances experienced by the global oil markets, as well as the global and local economic conditions as a result of the emerging Corona virus crisis, and with the expectation that the sharp decline in world oil prices will not continue.”
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According to the statement, Egypt reduced the price of 95 octane gasoline to 8.50 pounds per liter, from 8.75 and gasoline 92 to 7.50 pounds from 7.75, and gasoline 80 to 6.25 pounds from 6.5 pounds.
The automatic pricing committee for petroleum products instructed the reduction by 25 piasters only to: “spare part of the savings achieved from cost reduction to meet the expected rise in cost during the coming period, as well as facing the increasing burden of facing the consequences of the Corona crisis.”
She said that this comes “in light of the unprecedented exceptional circumstances experienced by the global oil markets, as well as the global and local economic conditions as a result of the emerging Corona virus crisis, and with the expectation that the sharp decline in world oil prices will not continue.”
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