fuel prices | Egypt Oil & Gas

Madbouly Outlines Three Measures to Address Rising Oil Prices

Prime Minister Mostafa Madbouly said  during Egypt 2026 Forum that rising oil prices, to $110 per barrel, leave the government with three options: passing the higher costs on to citizens, absorbing them through the st...

Egypt Keeps Fuel Prices Steady for Q3 2026 Despite Global Oil Market Volatility

Egypt’s Fuel Automatic Pricing Committee (FAPC) has decided to keep domestic petroleum product prices unchanged for the third quarter (Q3) of 2026, according to a statement on October 15. FAPC said it took its decisio...

MoPMR Denies Butane Shortage, Fuel Prices Increase

The Ministry of Petroleum and Mineral Resources (MoPMR) has denied circulated news of shortages in butane cylinders in some governorates, affirming that supplies are operating normally and that refineries continue to ...

Madbouly Rules Out Immediate Fuel Price Cuts, Signals Possible Q1 FY 2026/27 Reduction

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 (Q1) of the 2026/27 fiscal y...

Madbouly Unveils Energy-Saving Measures Amid Global Price Surge

Prime Minister Moustafa Madbouly announced on Saturday, March 28, that Egypt is adopting a set of measures to rationalize energy consumption in response to soaring global prices triggered by the war in the Middle East...

Madbouly: October Fuel Price Hike Might Be the Last

Prime Minister Mostafa Madbouly said the upcoming increase in fuel prices, expected in October, may be the last major hike if current global price levels hold. He emphasized that even after this adjustment, the diesel...

State Bears EGP 11 B Monthly in Fuel Subsidies Despite Price Increase

In light of what has been announced regarding the new prices for petroleum products, effective from Friday, April 11, 2025, at six o’clock in the morning. It is worth noting that despite the recent price increas...

Egypt Hikes Fuel Prices for Q4 2024

Egypt’s Fuel Automatic Pricing Committee has announced an increase in fuel prices for Q4 2024 due to rising production and import costs, according to an official statement. The new prices will take effect on October 1...

Egypt Raises Fuel Prices to Address Costs, Narrowing Price Gap

The Fuel Automatic Pricing Committee of Egypt has announced adjustments to fuel prices for the second quarter of 2024. In a move aimed at narrowing the disparity between production costs and selling prices, the Minist...

Indonesia Mulls Purchasing Russian Oil as Fuel Prices Soar

In order to offset the mounting pressure of increasing energy prices, Indonesian President Joko Widodo is thinking about purchasing Russian oil alongside India and China, Reuters reported. When asked whether Indonesia...

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