CAIRO – 1 March 2023: Fuel rates in Egypt observed on Wednesday an increase ranging from 75 piasters to LE 1 per liter in the regional markets, based on a choice issued by the Fuel Automatic Rates Board, the Ministry of Oil said in a declaration.
The brand-new costs are LE 8.75 for 80 octane gas up from LE 8; LE 10.25 for 92 octane gasoline up from LE 9.25; and LE 11.50 for 95 octane gasoline, up from LE 10.75.
The price of diesel fuel has not changed, and remans at LE 7.25.
Meanwhile, the rate of a lots of diesel for markets reached LE 6,000/ heap. However, the costs of diesel provided to the food and also power sectors continued to be the same.
Also, the gas fuel for cars has actually enhanced to get to LE 4.50/ meter.
The choice will enter into pressure beginning Thursday at 2 am at fuel terminals across the country.
The Fuel Automatic Rates Committee is developed from representatives of the financing and petroleum ministries as well as is assigned with reviewing fuel rates in Egypt every 3 months.
The board analyzes the cost of transport of gas, the prices of the Brent crude, in addition to the currency exchange rate of the United States buck against the Egyptian pound to provide its choice to raise or decrease fuel prices.
Around the world, crude oil costs escalated as a result of the ongoing Russian-Ukrainian crisis. As a result, the prices of gas as well as petroleum items have actually been impacted in all countries of the world.
Last Updated: 02 March 2023
