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Egypt Gasoline Price Increase Schedule and Impact on Economy

Gasoline price increase schedule in Egypt. The Egyptian government has clarified that there will be an increase in gasoline prices in Egypt in January 2024. The increase came after several studies of the global and local economic situation in order to ensure the stability of the Egyptian economy, and it is expected that the increase in gasoline prices will lead to an increase in goods and services. .

Table of gasoline price increases in Egypt

Table of gasoline price increases in Egypt, with the prices of goods and services rising as a result of the increase in gasoline prices, especially those that depend on transportation from public transportation, private transportation, and foodstuffs, which is expected to lead to an increase in gasoline prices, which will impose financial burdens on citizens and those with limited income. Experts have warned that gasoline prices will be Gasoline in Egypt will see further increases in the coming period, in light of the continued global prices of crude oil. Experts also explained that the Egyptian government is forced to raise the prices of goods and services, including gasoline prices.

Table of gasoline price increases in Egypt

We note that on the third of last November, the Supreme Pricing Committee raised the prices of gasoline of all types, and the increase included raising the price of gasoline 80 to 10 pounds instead of 8.75 Egyptian pounds. Meanwhile, the price of a liter of gasoline 92 reached 11.5 Egyptian pounds instead of 1 pound and a quarter. The price of a liter of gasoline in the 95 has reached 12 and a half pounds instead of 11 and a half, and that is what was determined by the special pricing committee, and the fixed price is updated, raised or reduced, every three months.

Increase in gasoline prices in Egypt

Engineer Tarek El-Molla, Minister of Petroleum and Mineral Resources, also published an increase in gasoline prices for consumers at car filling stations from the first day of the new year. Engineer Medhat Youssef Na’i, former head of the Petroleum Authority, expected that the committee’s action would stabilize the new gasoline prices in Egypt, and the percentage of the increase would be 10%.

2024-01-03 20:13:21
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