Egypt raises domestic fuel prices

Egypt’s Ministry of Petroleum and Mineral Resources announced on Wednesday an increase in the prices of domestic fuel derivatives. “Egypt’s fuel pricing committee in a quarterly review raised domestic fuel prices by 0.50 Egyptian pounds (0.026 U.S. dollars) for 80-octane, 92-octane petrol and diesel, while 95-octane petrol was raised by 1 pound,” the ministry said

The decision was taken amid the decline of the Egyptian currency against the U.S. dollar and the rise in world oil prices and took effect 9 a.m. local time on Wednesday, applies till September 2022