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المصري اليوم
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Economist predicts 10% fuel price rise
An economic expert forecasted that gasoline and diesel prices in Egypt will increase by no less than 10%, due to developments in global energy markets and the impact of the war on diesel supplies. There is a significant gap between the price of Brent crude oil and petroleum products. He attributed this to the rise in Brent crude prices, which currently stands at around $100 per barrel, while the price of diesel has reached $200, with a natural gap not exceeding $18. This gap is caused by the global crisis and the continuation of the war, necessitating a price increase. He also pointed out that these expectations come amid an atmosphere of uncertainty affecting business and consumer decisions, with a slowdown in new investments and hesitation in implementing projects, due to current fluctuations and increased energy costs.
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