Gasoline Prices in Egypt Before the Increase
Table of Contents
Before the last increase in October 2024, the gasoline prices in Egypt were as follows:
- Petrol 80: 12.25 Egyptian pounds
- Petrol 92: 13.75 Egyptian Pounds
- Petrol 95: 15 Egyptian Pounds
- Kerosin: 11.5 Egyptian Pounds
- Dyar: 11.5 Egyptian Pounds
The Gas cylinders in Egypt Today
As of today, the prices for gas cylinders in Egypt are:
- Home gas (12.5 kg): 150 to 170 Egyptian Pounds
- Commercial gas (25 kg): 200 Egyptian Pounds
The Stability of Gasoline and Diesel Prices Today in Egypt
The factors affecting the prices of gasoline and diesel today in Egypt include:
- Stability of oil prices globally: Global oil price fluctuations can substantially impact local fuel prices.
- Exchange rate movements: The cost of importing fuel is influenced by the exchange rate of the Egyptian pound.
- Automatic pricing mechanism: The Fuel Automatic Pricing Committee adjusts prices based on production costs and market conditions.
It is indeed expected that the prices of gasoline and diesel in Egypt will remain stable during the next few days, especially given the stability of the global market and oil prices.
References
- Egypt Raises Fuel Prices to Address Costs, Narrowing Price Gap
- Fuel prices in Egypt – TheFuelPrice.com
- Egypt raises fuel prices by 9-22% to align with global market, currency reforms
Understanding Egypt’s Fuel Prices: An Interview with Energy Specialist Dr. Hisham Abdel-aal
In the ever-evolving landscape of global energy markets, Egypt has been making strategic moves to stabilize and align its fuel prices with international standards. We sat down with Dr. Hisham Abdel-Aal, a renowned energy specialist, to discuss the recent changes and future outlook of gasoline and diesel prices in Egypt.
Gasoline Prices in Egypt Before the Increase
Senior Editor: Can you provide some insights into the gasoline prices in Egypt before the last increase in October 2024?
dr.Hisham Abdel-Aal: Certainly. Before the October 2024 increase,the prices were as follows: Petrol 80 was at 12.25 Egyptian pounds, Petrol 92 was 13.75 Egyptian pounds, Petrol 95 was 15 Egyptian pounds, Kerosin was 11.5 Egyptian pounds,and Dyar was also 11.5 Egyptian pounds. These prices reflected a balance between domestic production costs and global market pressures.
The Gas Cylinders in egypt Today
Senior Editor: How have the prices for gas cylinders changed in Egypt today?
Dr. Hisham abdel-Aal: Currently, the prices for gas cylinders are quite stable. Home gas cylinders of 12.5 kg range from 150 to 170 Egyptian pounds, while commercial gas cylinders of 25 kg are priced at 200 Egyptian pounds. These prices are managed to ensure affordability and accessibility for both residential and commercial consumers.
The Stability of Gasoline and Diesel Prices Today in Egypt
Senior Editor: What factors are contributing to the stability of gasoline and diesel prices in Egypt today?
Dr. Hisham Abdel-Aal: Several factors are at play. Firstly, the stability of oil prices globally has a meaningful impact on local fuel prices. secondly,exchange rate movements influence the cost of importing fuel,which is crucial for an economy heavily reliant on imports. Lastly,the Fuel Automatic Pricing Commitee adjusts prices based on production costs and market conditions,ensuring a fair and stable pricing mechanism.
Senior Editor: How does the automatic pricing mechanism work in practice?
Dr. Hisham Abdel-Aal: The Fuel Automatic Pricing Committee regularly reviews and adjusts prices to reflect changes in production costs and market conditions. This mechanism ensures that the prices remain competitive and sustainable, aligning with global trends while addressing local economic needs.
Conclusion
Senior Editor: What are your final thoughts on the current state and future outlook of fuel prices in Egypt?
Dr. Hisham Abdel-Aal: Given the stability of the global market and oil prices, it is expected that gasoline and diesel prices in Egypt will remain stable in the coming days. However, continuous monitoring and strategic adjustments will be essential to sustain this stability and ensure the long-term affordability of fuel for Egyptian consumers.
Dr. Hisham Abdel-Aal’s insights provide a extensive understanding of Egypt’s fuel pricing landscape, highlighting the importance of global market stability, exchange rate movements, and the role of the Fuel Automatic Pricing Committee in maintaining competitive and sustainable fuel prices.
