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Engineer Osama Kamal, Chairman of the Energy Committee in the Senate and former Minister of Petroleum, confirmed that news about fixing gasoline and diesel prices until the end of December 2026 are unconfirmed predictions, and that the Petroleum Products Pricing Committee has not held a meeting yet. He explained that the decision to adjust fuel prices is made after studying several factors such as global oil prices, exchange rates, and inflation, with expectations that prices will not increase until the end of this year. He indicated that during the first quarter of the current fiscal year, oil prices averaged $91 per barrel, which is $16 higher than the amount estimated in the budget, putting pressure on the public budget. The Ministry of Petroleum and Mineral Resources officially denied the circulating news about fixed prices, confirming that the current announced prices are official, and that any updates will be officially announced by the ministry when a decision is made.
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