Fuel prices on Saturday following decision of Automatic Pricing Committee for Petroleum Products
Egyptian citizens have grown increasingly concerned over gasoline and diesel prices following decisions by the Automatic Pricing Committee for Petroleum Products, as these prices directly impact transportation costs and the pricing of goods and services. In an official statement issued in the middle of October, the Committee announced that prices for petroleum products would remain … The post…
Egyptian consumers have expressed growing concern over gasoline and diesel prices due to the automatic pricing decisions made by the Automatic Pricing Committee for Petroleum Products. These prices directly affect transportation expenses and the pricing of goods and services. In a statement issued in mid-October, the committee announced that fuel prices would remain static, after reviewing various factors that affect costs, including international oil rates and the exchange rate of the Egyptian pound against foreign currencies.
The decision to maintain current petroleum product prices was made after the Automatic Pricing Committee resumed its operations, as instructed by the Cabinet. The committee assessed both domestic and global economic indicators, such as trends in international oil prices and pricing measures applied during the July to September quarter, compared to the previous quarter. Consequently, they determined that it was necessary to keep the existing prices unchanged.
As per the pricing decision, the costs for gasoline, diesel, and kerosene per liter are set at LE 22.25, LE 24.00, and LE 20.50, respectively. On Saturday, the prices for a 12.5 kg domestic butane gas cylinder and a 25 kg commercial butane gas cylinder are LE 275 and LE 550, respectively.
Written by urgent.news from Egypt Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
