Egypt’s petroleum ministry announced another fuel price hike early Friday, the third increase this year. Diesel prices have jumped by 17%, now costing 13.50 Egyptian pounds ($0.2779) per liter, up from 11.50 pounds. Petrol prices have also risen, with increases ranging from 11% to 13% depending on the grade. The new rates are 13.75 pounds for 80 octane gasoline, 15.25 pounds for 92 octane, and 17 pounds for 95 octane.
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This follows Prime Minister Mostafa Madbouly’s statement in July that fuel prices would steadily rise until the end of 2025 due to the government’s inability to continue subsidizing fuel amid rising demand. The fuel pricing committee, which typically meets quarterly, announced its next review will occur in six months.
