Fuel Price
Governors conducted inspections at transportation hubs across various districts to ensure adherence to designated routes and the newly established fares
The new prices are LE 8 for 80 octane gasoline up from LE 7.25; LE 9.25 for 92 octane gasoline up from LE 8.75; and LE 10.75 for 95 octane gasoline, up from LE 9.75.
Egypt’s Fuel Automatic Pricing Committee decided Friday to increase the prices of gasoline in the local market by 25 piastres per liter, the Ministry of Petroleum announced.
The price difference between natural gas vehicle (NGV) and the fuel of 80-octane and 92-octane gasoline will direct people to use the NGV.
Inflation will be pushed 1.5% as a result of rising fuel prices, economist Jason Tuvoy says.
Following Thursday's fuel price hikes, Giza governorate announced on Friday new transportation fares to cope with the recent increase.
