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المصري اليوم
Petroleum Fuel Prices May Rise Up to 15%
Engineer Hassan Nasser, Head of the General Petroleum Materials Division at the Federation of Chambers of Commerce, expects the prices of gasoline and diesel in Egypt to increase in the near future by approximately 10% to 15%. This expected rise is due to the global oil prices, which have increased by about 50% compared to previous periods. He confirmed that the decision to implement the increase is imminent, and the Fuel Committee will hold a meeting in October to discuss fuel prices, amid ongoing talks about the increase that have been happening for the past two months. He indicated that the state bears significant costs supporting petroleum products, and whether prices are increased or maintained depends on the committee’s decisions, with political and economic factors also influencing the decision.
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