Speaking at the government’s weekly press conference, Prime Minister Mostafa Madbouly said Egypt’s Automatic Fuel Pricing Committee will review fuel prices in the first quarter of the 2026/27 fiscal year and may either keep current prices or reduce them. Until then, prices will remain unchanged.

Madbouly said the pending review will consider market developments, including global oil prices and exchange-rate movements.

The delay stems from the government still accounting for the cost of fuel purchases made when crude oil prices were around $125 per barrel, and the US dollar was at EGP 55 against the Egyptian pound.

According to the prime minister, those purchases were made to secure fuel supplies during the summer demand period.

On April 10, 2026, Egypt raised fuel and natural gas prices by 14% to 30%, marking the third price adjustment in the previous 12 months. The Ministry of Petroleum said the increase reflected developments in global energy markets.

Madbouly noted that local fuel prices could have been raised again afterwards as global oil prices surged from around $93 per barrel at the time of the last pricing review to approximately $125 per barrel later. Still, the government opted not to impose an additional burden on citizens.

The accord between the United States and Iran has eased the relentless surge in global prices, steering markets into calmer territory. Prime Minister Madbouly noted that Brent crude has slipped below $72 per barrel, while the Egyptian pound has strengthened to around EGP 49 against the US dollar.