Egypt Trims Gasoline Prices by EGP 0.25/liter

Egypt Trims Gasoline Prices by EGP 0.25/liter

Egypt’s Fuel Automatic Pricing Committee decided to cut the price of all gasoline types by 25 piasters per liter effective Friday, October 4, 2019, at 12 AM.
The price of Octane 80 was reduced to EGP 6.5 per liter, while Octane 92 was set at EGP 7.75, and Octane 95 stood at EGP 8.75.

Also, the Egyptian committee, which reviews and determines the prices of some petroleum products on a quarterly basis, has trimmed the price of the industrial-use mazut by EGP 2.50 per ton to reach EGP 4,250.

The decision came in light of a decrease in Brent oil barrel’s prices on the international market between July and September 2019 to stand at $62 per barrel, in addition to the dollar’s depreciation against the Egyptian pound to an average of EGP 16.60/USD.


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