The Ministry of
Petroleum announced yesterday Friday 22/3/2024 the first fuel price increase of
2024, affecting various octanes and diesel.
The Committee for Pricing Petroleum Products, after several delays, decided to align prices with global trends.
Diesel prices have risen to EGP 10 per liter from 8.25 pounds, while octane prices have also been adjusted.
Octane prices have increased by one pound, with octane 80 now at EGP 11 per liter.
Octane 92 is priced at EGP 12.50, up from EGP 11.50, and octane 95 stands at EGP 13.50 instead of EGP 12.50.
Additionally, the price of the 12.5-kilogram butane cylinder for domestic use will increase from EGP 75 to EGP 100.
This move is attributed to the global oil price surge triggered by the conflict in Gaza, following the Russian-Ukrainian war, as stated by the committee. This marks the first fuel price hike in Egypt for 2024.
Source: State Information Service
