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الموجز
Economist discusses upcoming fuel price changes
Economic experts expect that gasoline and diesel prices in Egypt could rise by up to 10% in the upcoming period, due to developments in global energy markets, rising oil prices, and geopolitical tensions that are affecting diesel supplies. The pricing of fuel in Egypt is mainly based on the Brent crude oil price and the exchange rate of the Egyptian pound against foreign currencies. The recent increase in Brent crude near $100 a barrel and the global decrease in diesel supply have put additional pressure on local prices. A petroleum products pricing committee is scheduled to meet in early October to review these changes and decide on potential price adjustments. However, it is expected that any increase will be limited, given that prices have remained relatively stable so far.
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