Home » Business » Gasoline Prices Increase by 14% in Egypt on Monday, January 8, 2024

Gasoline Prices Increase by 14% in Egypt on Monday, January 8, 2024

A large number of citizens and drivers want to know the prices of gasoline today. News of the increase in gasoline prices today, Monday, January 8, 2024, has increased, and there has been a great deal of interest and research from citizens in knowing the validity of the recent increase, according to the Automatic Pricing Committee for Petroleum Products in Egypt, which has proposed raising prices by 14%, and this increase comes. In international oil prices, the price of a barrel reached $90.

Gasoline prices today

As for gasoline prices today, the authority responsible for setting automatic prices has set fuel prices by announcement to amend the prices of gasoline and its products. These changes may range by up to 14%, and this comes while keeping diesel prices unchanged. The changes came as per the instructions of President Abdel Fattah El-Sisi, who paid attention to reducing… On the budget of citizens with lower incomes, despite this increase applied, he also emphasized the stability of the price of diesel and the application of the increase.

Gasoline prices Monday, January 8, 2024

The new gasoline pricing was in line with the recent increase, and was presented as follows:

  • The price of a liter of 80 grade gasoline reached ten Egyptian pounds, and an increase of two Egyptian pounds was recorded.
  • The price of one liter of 92 gasoline has reached 50 Egyptian pounds, which reflects an increase of 1.75 Egyptian pounds.
  • A liter of kerosene was priced at 25 Egyptian pounds, indicating an increase in the price of 1 Egyptian pound over the previous cost.

Petroleum Products Pricing Committee

Prices were changed at the last meeting of the Materials Pricing Committee. Many analysts expected that the Pricing Committee would resort to increasing diesel prices, especially with the devaluation of the pound, despite the decline in its prices globally in light of the rise in support with the expected devaluation of the pound. The price of diesel reached even though it is distributed. About 40 million liters per day, and it costs billions in support, but it only moved its price once after 3 years of stability.

2024-01-08 11:22:47
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