Egypt’s Fuel Automatic Pricing Committee has adjusted the fuel prices and increased them by EGP 0.25 per liter for Q2 2022, according to a statement.
As of April 15, the prices per liter are as follows; octane 80 at EGP 7.50; octane 92 at EGP 8.75; and octane 95 at EGP 9.75. As for diesel fuel, its price remained at EGP 6.75 per liter. Price of industrial-use mazut increased by EGP400 per ton, putting the of the ton at EGP 4600. Mazut prices will remain unchanged for electricity generation and food industries.
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.