Cairo – Egypt’s Petroleum Products Automatic Pricing Committee decided on increasing the price of all three types of gasoline by EGP 0.25 (USD 0.015) and fixed diesel prices at EGP 6.75 per liter. The fuel price increase took effect starting Friday (4) and will last till March.
The price of octane-80 fuel is now EGP 7.25 (USD 0.46) per liter, 92-octane fuel is EGP 8.5 (USD 0.53) per liter, and 95-octane fuel is EGP 9.5 (USD 0.60) per liter. Diesel was fixed at LE6.75 per liter. An octane rating refers to the quality of the fuel. The higher the octane number, better the quality and higher the price.
The Automatic Pricing Committee for Petroleum Products of Egypt monitors and adjusts petroleum product prices in Egypt on a quarterly basis. Gasoline prices in Egypt have seen four consecutive raises in the last four quarterly meetings held by the committee.
The prices after the raises were as following:
April 2021
Gasoline 80 – EGP 6.5
Gasoline 92 – EGP 7.75
Gasoline 95 – EGP 8.75
July 2021
Gasoline 80 – EGP 6.75
Gasoline 92 – EGP 8
Gasoline 95 – EGP 9
October 2021
Gasoline 80 – EGP 7
Gasoline 92 – EGP 8.25
Gasoline 95 – EGP 9.25
January 2022
Gasoline 80 – EGP 7.25
Gasoline 92 – EGP 8.50
Gasoline 95 – EGP 9.5
Throughout the year, the price of diesel was fixed at EGP 6.75.
Translated by Guilherme Miranda
