fuel prices | Egypt Oil & Gas - Part 2

Iran Restores Stability Amid Fuel Prices Hike

Iran introduced gasoline rationing and price hikes of at least 50%, which led to the country’s unrest.

Egyptian Government to Decide on Fuel Pricing

The Egyptian government is tasking a high-level committee to file recommendations, unbinding though, to the Cabinet about whether or not to increase fuel prices according to the new pricing indexation mechanism, s ...

Saudi Arabia Raises Gasoline Prices

Gasoline prices in Saudi Arabia witnessed another increase on July 14, and remain subject to changes in global export prices.

Egypt Introduces New Fuel Pricing Indexation Mechanism

Egypt will start applying the new fuel pricing indexation mechanism to all petroleum products starting from Q4 2019.

Government Closely Monitoring Fuel Market

Operations rooms at the Ministry of Petroleum and the Cabinet's Information and Decision Support Center (IDSC) are closely following fuel distribution and transportation prices.

Egypt Announces New Fuel Prices

The Egyptian Cabinet announced the new fuel prices on July 5, increasing prices by around 25% after subsidy cuts.

Ministry of Finance Denies Rumored New Fuel Prices

The Ministry of Finance has officially negated the rumors circulating social media platforms about new fuel prices.

Petroleum Ministry Denies June’s Fuel Price Hikes

Any price changes would only be announced in official statements from the Egyptian Cabinet, according to the Ministry of Petroleum’s Spokesman, Hamdy Abdel Aziz.

UAE Fuel Prices Increase by 4.5% in March

The super 98 has increased by 4.6% while the special 95 rose by 4.3%. Additionally, the diesel price hiked by 5.7%.

Cabinet Rejects Rumors of Fuel Price Increase

The media department of the Egyptian cabinet has rejected rumors about a new fuel price increase in 2018 to decrease the budget deficit.

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