Egypt's Committee for Automatic Pricing of Petroleum Products has announced that fuel prices will remain unchanged, effective immediately. The decision was made after reviewing various economic factors, including global oil prices and the exchange rate of the Egyptian pound against foreign currencies. This move aims to minimize the impact of fuel price fluctuations on the cost of living and transportation.
The pricing committee, which was reinstated by the Cabinet, reviewed the economic variables that determine fuel prices, including developments in international oil markets and previous pricing decisions. The review covered the period from July to September 2026 and compared it to the previous quarter. Based on this analysis, the committee decided to maintain current fuel prices without any adjustments.
According to the committee's decision, the prices of gasoline and diesel in Egypt remain as follows: 92-octane gasoline is priced at 22.25 pounds per liter, while 95-octane gasoline costs 24 pounds per liter. Diesel and kerosene prices are both set at 20.50 pounds per liter. These prices have been in effect since the last review and will continue unchanged.
In addition to fuel prices, the government also regulates the prices of butane gas cylinders, which are widely used for cooking and heating. The current prices for butane gas cylinders are 275 pounds for a 12.5 kg cylinder, commonly used in households, and 550 pounds for a 25 kg cylinder, typically used for commercial purposes.
The decision to keep fuel prices unchanged is likely to be welcomed by Egyptian citizens, who are sensitive to price fluctuations due to their impact on transportation costs and the prices of goods and services. The government's move aims to balance the need to adjust fuel prices in line with global market trends with the need to protect citizens from sudden price shocks.
Egypt's fuel prices have been subject to periodic reviews by the government's pricing committee, which was established to ensure that fuel prices reflect changes in global market conditions while also taking into account domestic economic factors. The committee's decisions have a significant impact on the cost of living and the overall economy.
The review process involves analyzing various factors, including global oil prices, exchange rates, and domestic inflation. Based on this analysis, the committee decides whether to adjust fuel prices or maintain them at current levels. In this case, the committee decided to keep prices unchanged, providing relief to citizens who might have been expecting price increases.
Key points
- Egypt's fuel prices remain unchanged after the government's pricing committee reviewed local and global economic factors.
- The current prices of gasoline and diesel in Egypt are 22.25 pounds and 20.50 pounds per liter, respectively.
- Butane gas cylinder prices in Egypt are 275 pounds for a 12.5 kg cylinder and 550 pounds for a 25 kg cylinder.
