What will happen with the prices of gasoline, diesel, and petroleum products in the next two days after the decisions to raise interest rates and float the pound yesterday? Will it really increase, and if it increases, will it increase by how much? Let’s see the expectations and find out how much your car will cost..
Yesterday, all of Egypt lived and followed the atmosphere of flotation and anxiety in the markets, and although the flotation eliminated the black market for the dollar, which was the reason for the crazy rise in prices due to speculation in the price of the American currency, people are still waiting for what will happen to the prices, and people are starting to ask about the prices of gasoline, diesel, and car oil as the prices approach. Issuing the decisions of the Pricing Committee, and as we know, the prices of gasoline, diesel, and other petroleum products are determined by several factors, the most important of which is the international prices of oil, gasoline, and natural gas, and the committee takes the average global prices.
The head of the Petroleum Products Division at the General Federation of Chambers of Commerce said that the date of the meeting of the automatic pricing committee in Egypt will be during the first quarter of this March 2024, in order to determine the prices of boys in Egypt, and it is expected that gasoline prices will witness a new increase of up to 10%, meaning the decision. It will be within two days or the end of next week on the scheduled date and you can multiply the price of gasoline now and increase it by 10% and know how much your car will fill, but let us tell you that these are expectations and it is very possible that there will be no increase or it may be less than the 10% that the room expected.
As we see, fuel prices have already increased with a number of other materials related to cars, and there is another team that is likely to stabilize the prices of gasoline, diesel and gas due to recent decisions and that people cannot tolerate any further increases, especially since any increase in the prices of petroleum materials means a decline in all commodities. Due to the high cost of transportation, which in the end is borne by the consumer, this is something the government must take into consideration and try to mitigate the impact of the recent decisions, especially since we are entering the holy month of Ramadan, and we all know how expenses increase in this month, and this is in addition to the fact that Prime Minister Mostafa Madbouly yesterday spoke about a social protection package. It is new within the International Monetary Fund agreement, and it is unreasonable for the government to focus on supporting citizens while at the same time raising the prices of gasoline, diesel, and gas, and raising with them all the prices of goods, services, and transportation.
2024-03-08 22:35:43
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