Egypt’s Fuel Automatic Pricing Committee has adjusted the fuel prices and increased them by EGP 0.25 per liter for Q2 2021, according to a statement.
As of April 23, the prices per liter are as follows; octane 80 at EGP 6.50; octane 92 at EGP 7.75; and octane 95 at EGP 8.75. As for diesel and mazut fuel, both were set at a fixed price at EGP 6.75 per liter and EGP 3,900 per ton.
It should be noted that the prices are subject to change in the next fuel pricing committee meeting at the end of June to decide on rates for Q3 2021.
This decision was driven by the average prices of Brent crude in the global energy market and the value of the Egyptian pound against the US dollar. The recent US dollar to Egyptian pound exchange rate recorded a low of EGP15.61 for purchase and EGP 15.71 for sale and a high of EGP15.63 for purchase and EGP15.73 for sale.