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Fuel price increase date announced
The article discusses the timing and details regarding the increase or stabilization of gasoline and diesel prices in Egypt, along with clarifying the government's stance on the upcoming changes. Prime Minister Mostafa Madbouly confirmed that the government managed the rise in global oil prices, which reached about $93 per barrel before the war and peaked at $125 in April, without imposing additional burdens on citizens. He explained that the automatic pricing mechanism will resume operating periodically starting from the first quarter of the 2026-2027 fiscal year, with the relevant committee reviewing prices every three months based on economic variables. Currently, gasoline prices remain between 20.75 and 24 pounds per liter, and diesel at 20.50 pounds, with no official decision on a price increase has been made so far. Any changes are still dependent on the recommendations of the designated committee.
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