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
Minister of Industry said his decision would attract more investments in the industrial sector.
Prices of food items will not be affected by the recent hikes in fuel prices, the Federation of Chambers of Commerce (FEDCOC) said Thursday.
The Cabinet imposed Thursday new increases to fuel price.
Consumers of less than 30 cubic meters will pay LE 1 per cubic meter
No price increase recorded so far in the fares of railway trains
Prices will increase 30-40 percent across all categories.