Egypt has more The prices of many fuel products are 3 pounds ($0.58), according to a statement by the Egyptian Ministry of Petroleum and Mineral Resources. The new price went into effect at 3:00 a.m. on Tuesday, March 10.
Under the updated rates, gasoline is now 95 octane Costs The price of a liter of 92 octane gasoline is 24 Egyptian pounds (0.46 US dollars), while the price of 92 octane gasoline is 22.25 Egyptian pounds (0.43 US dollars) per liter, and 80 octane gasoline is priced at 20.75 Egyptian pounds (0.40 US dollars) per liter.
The price of diesel, one of the most widely used fuels in the country, rose to 20.5 Egyptian pounds (0.39 US dollars) per litre. The price of natural gas used to fuel vehicles also rose to 13 Egyptian pounds (0.25 US dollars) per cubic meter.
Resolution too Included Prices of household butane cylinders increased, with the price of a 12.5 kg cylinder reaching 275 Egyptian pounds (5.29 US dollars) and a 25 kg cylinder reaching 550 Egyptian pounds (10.58 US dollars).
The ministry said in its statement He said The price adjustments come amid ongoing geopolitical tensions that have pushed up global energy costs, including higher import, production and shipping expenses.
He – she He added He stressed that the government is continuing its efforts to enhance local production of oil and gas and encourage investment in exploration activities to reduce dependence on imports.
Egypt has gradually reduced fuel subsidies in recent years as part of economic reforms linked to agreements with the International Monetary Fund, which encouraged the government to adjust energy prices while expanding social protection programs. Egyptian fairy It has also fallen recently, exceeding 52 Egyptian pounds to the US dollar, adding pressure on import costs, including energy.