Fuel prices
The committee, which typically meets every three months to review fuel prices based on technical criteria and market indicators, will therefore convene between July and September to determine whether petroleum product prices should be raised, reduced or kept unchanged.
As per a ministerial directive, Baladi bread is priced at a maximum of LE 2 for an 80‑gram loaf, LE 1.5 for a 60‑gram loaf, and LE 1 for a 40‑gram loaf.
Egypt activates daily crisis monitoring, cuts public spending, adjusts fuel prices, and extends cash support for two months.
Egypt’s government has increased the fuel prices, marking the second rise this year with nearly LE 2 on various range of petroleum products.
The adjustments will see 95-octane gasoline rise to LE 17 from LE 15, 92-octane gasoline rise to LE 15.25 from LE 13.75, 80-octane gasoline rise to LE 13.75 from LE 12.25, and diesel prices rise to LE 13.50 from LE 11.50
The slight increase in in petrol prices follows a small reduction observed in the previous month, as reported by UAE media outlets
Fuel prices in Egypt witnessed on Wednesday an increase ranging from 75 piasters to LE 1 per liter in the local markets, as per a decision issued by the Fuel Automatic Pricing Committee, the Ministry of Petroleum said in a statement.
As per the committee’s decision, the price of 80-octance gasoline will remain unchanged at LE 8 per liter while price of 92-octance and 95-octane will remain fixed at LE 9.25 and LE 10.75 per liter respectively, a statement by the Ministry of Petroleum said.
The Egyptian government has denied reports about an alleged rise in public transportation fares in light of the recent increase in gasoline prices.
The Finance Ministry denied the rumors that spread on social media about fuel prices hike in the coming period.
A government official refuted on Sunday all the rumors circulated by social media platforms about the date of the increase in fuel prices in Egypt.
The price of gasoline 92 increased from LE 5 per liter to 6.75, while the price of gasoline 80 rose from LE 3.65 per liter to LE 5.50.
A wrap-up of the most prominent business news of the day.
The new fees, set by authorities in each governorate, will be advertised via different media outlets and at stations, upon the premier's directive.
New electricity tariffs will be announced Thursday, with all consumption brackets to be affected.
The parliament’s majority bloc, said on Tuesday it was working on some proposals to ease the burden on citizens after recent hikes in fuel prices.
Egypt's inflation rate, which was around 30 percent in May, will rise by between 3 and 4.5 percentage points following last week's fuel price hike.
Violations have been anticipated following the decision of increasing fuel prices with the aim of gradually removing energy subsidies.
El-Sewedy asks manufacturers to bear the cost of fuel price increases and not raise prices of their products.
Lead: The price per ton will be increased from LE 2,500 to LE 3,500
