Egypt has increased prices on a variety of fuel products for the third time this year, with diesel prices rising by 17% to 13.50 Egyptian pounds per litre. Petrol prices also saw a hike, ranging from 11% to 13%, with different grades experiencing different increases.
Prime Minister Mostafa Madbouly announced that fuel prices will continue to rise gradually until the end of 2025 as the government can no longer sustain subsidies on fuel due to increasing consumption.
The government’s fuel pricing committee, which meets quarterly, has scheduled its next meeting in six months to assess and adjust prices accordingly.
The decision to increase fuel prices comes as a measure to offset the financial burden on the government and manage rising fuel consumption in the country.