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Russian-US Diesel Deal May Affect October Gas Prices
The article discusses the impact of the Russian-American agreement on diesel supplies and how it could potentially influence gasoline and diesel prices in Egypt during October 2026. The report states that the agreement, which initially includes additional supplies of up to 300,000 tons of diesel, aims to support global markets and achieve price stability. However, its effect on prices in Egypt is indirect and depends on multiple factors such as the exchange rate of the US dollar, production costs, and refining expenses. Additionally, the Automatic Pricing Committee's meeting is expected to be held during the month to review fuel prices, since the determination of gasoline and diesel prices in Egypt is not solely based on global oil prices but also influenced by local costs and government decisions. Meanwhile, the Egyptian Ministry of Petroleum denied any reports of new prices, emphasizing that the current market prices remain unchanged while monitoring the impact of global developments on local prices.
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