List of gasoline and diesel price increases in Egypt today according to the pricing of the Automatic Pricing Committee – Nabaa Masr

Many Egyptian consumers are now looking for gasoline and diesel prices, as the committee published an automatic pricing mechanism for some petroleum products during its meeting, which is held every three months from last November 3, with the price of diesel fixed as it is without any change, and through the article we will work to provide all the details. Related to the topic, follow us.

Increase in gasoline prices in Egypt

Today, citizens are searching for gasoline and diesel prices, and the Petroleum Products Pricing Committee published its intention to determine fuel prices in Egypt after studying all the related scenarios, which will be implemented in the first quarter of 2024. An official proposal will be prepared to be presented to the Council of Ministers before making the final decision on the price structure. Fuel in Egypt, in addition to the fact that the price of Brent crude was trading between 82 and 91 dollars before global oil prices fell between 78 and 80 dollars, and gasoline prices today in Egypt were as follows:

• The price of 95 gasoline today reached 12.5 pounds per liter.
• The price of 92 gasoline today reached 11.5 pounds per liter.
• The price of 80 gasoline today was 10 pounds per liter.
• The price of a liter of kerosene was 8.25 pounds.
• The price of a liter of diesel today reached 7.25 pounds.
• The price of a stove cylinder today was 70 pounds.

How to determine new gasoline prices

• Gasoline prices are determined by a secret equation, because this price equation contains the link between Brent crude prices and exchange rates, as well as the cost.
• The prices of petroleum products in the local market are also linked to international prices.
• The selling price of petroleum products is also linked to the local market, with the exception of gas canisters and used petroleum products.
• In addition, the selling prices of petroleum products in the local market are reviewed and the percentage of variation does not exceed 10%.
• A special meeting of the Automated Pricing Committee for Petroleum Products is held every three months to determine prices.

We provide you with regular, periodic follow-up of gasoline prices in Egypt through the diverse and distinguished news site Nabaa Misr. You can always learn about the changes that occur to gasoline prices by following us by clicking on the Get Notifications button.

It is worth noting that the Ministry of Finance stated that the average price of a barrel in the 2022-2023 general budget is 80 US dollars, compared to 61 US dollars in the last budget.