The end of the controversy.. Egypt announces the stabilization of fuel prices

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Today, Thursday, the Ministry of Petroleum and Mineral Resources in Egypt announced the stabilization of the selling prices of petroleum products in the Egyptian markets.

The Ministry of Petroleum said, in a statement, that the Automatic Pricing Committee for Petroleum Products in Egypt reviewed the determinants of the automatic pricing mechanism, the most important of which are changes in the exchange rate and the price of a barrel of Brent crude during the quarter extending from July to September 2026 compared to the previous quarter.

The Ministry added that in light of these determinants, the Automatic Pricing Committee for Petroleum Products decided to keep the prices of petroleum products without modification or change.

Earlier, the Egyptian Council of Ministers issued a decision to resume the work of the Automatic Pricing Committee for Petroleum Products. The committee reviewed local and international developments affecting the price equation, taking into account developments in global petroleum product prices, and the price measures previously taken throughout the past period, and made its decision in light of these determinants.

On March 10, Egypt raised fuel and gas prices by rates ranging between 14 and 30%. According to the new prices, the price of 95 gasoline rose from 21 pounds to 24 pounds per liter, an increase of 14.29%. The price of 92 gasoline also rose by 15.58% to reach 22.25 pounds per liter, while the price of 80 gasoline rose by 16.9% to 20.75 pounds. per litre.

It also raised the price of diesel by 17.4% to reach 20.50 pounds per liter, while the price of automobile gas rose by about 30% to 13 pounds per cubic meter, compared to 10 pounds before the increase. It also increased the price of a 12.5-kg gas cylinder from 225 pounds to 275 pounds, and the price of a 25-kg cylinder increased from 450 pounds to 550 pounds, an increase of nearly 22%.