The Egyptian Ministry of Petroleum said in a statement, which Al Arabiya.net received a copy of, that the Automatic Pricing Committee for Petroleum Products, in a quarterly review early Thursday morning, raised domestic fuel prices by EGP 0.75 for 80-octane gasoline, EGP 92-gasoline, and EGP 0.75 for 95-gasoline. .
The statement said, “In light of the fluctuation of Brent crude prices and the exchange rate of the pound against the dollar, the Automatic Pricing Committee for Petroleum Products decided … to recommend an adjustment to the current prices prevailing in the local market, as the selling price of gasoline products was modified … to become as follows: 8.75 pounds per liter of gasoline.” 80 and 10.25 pounds per liter of 92 petrol, and 11.50 pounds per liter of 95 petrol.
The committee stated that the selling price of a ton of diesel for other than electricity and bakery uses will be 6,000 pounds per ton.
It was also decided to fix the selling price of diesel at 7.25 pounds per liter and fix the price of diesel fuel supplied to electricity and food industries.
The committee decided to increase the car supply gas to 4.50 pounds/meter.