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Fuel prices may rise in late October
The article discusses predictions regarding fuel price increases in Egypt. Media personality Mohamed Ali Khair confirmed that the government may move to raise the prices of gasoline and diesel in the second half of October, despite the Automatic Pricing Committee holding meetings every three months to determine increases that should not exceed 10%. He explained that the government has recently raised prices beyond this limit, and that the current price of a barrel of oil exceeds $100, which increases the likelihood of fuel price hikes. He noted that the increase might be delayed to align with the government’s conference in October, with a probable increase during the last week of the month. Additionally, he mentioned expectations of rising energy prices in some Arab countries, emphasizing that any increase will affect the local market, especially given the rise in global prices.
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