Gasoline prices today at gas stations…Decisions of the Price Committee for the month of October

New gasoline and diesel prices in Egypt

Gasoline prices today at gas stations, since the Automatic Pricing Committee for Petroleum Products in Egypt is about to issue its decision regarding gasoline prices for October 2024, citizens’ questions are going the volume about new prices and expectations of increase or decrease at gas stations.

Gasoline prices today at gas stations

Since the establishment of the Automatic Pricing Committee pursuant to Cabinet Resolution No. 2764 of 2018, it has been responsible for revising fuel prices every three months, with the aim of achieving a balance between local prices and global changes, taking into account the economic conditions. inside Egypt.

Current gasoline prices at gas stations

– 80 octane gasoline at a price of 12.25 pounds per liter.

– 92 octane gasoline at a price of 13.75 pounds per liter.

– 95 octane gasoline at a price of 15.00 pounds per liter.

– Diesel costs 11.50 pounds per litre.

The role of the automatic pricing committee for petroleum products in Egypt

The Automatic Pricing Committee for Petroleum Products operates according to well-researched standards aimed at ensuring price stability and compatibility with global economic changes.

1- International oil prices:

Crude oil is a basic component of gasoline, since its price fluctuations in the world markets directly affect the cost of importing fuel to Egypt usually different factors affect such as geo-crisis political, changes in global demand, and the production policies of major oil exporting countries such as OPEC and its allies.

When world oil prices decline, it becomes possible to reduce the cost of imported petroleum products, which paves the way for lower domestic gasoline prices.

2- The exchange rate of the Egyptian pound against the dollar:

The exchange rate of the pound is considered to be one of the factors that strongly affects imported fuel costs. local gasoline and diesel prices, and the increase in the value of the pound contributes to price stability.

3- Domestic demand for fuel:

With population and urban expansion and an increase in the number of vehicles, the local demand for fuel is increasing, which will affect the price increase as one of the factors that will trigger the price increase, as greater demand put pressure on fuel stocks.