#fuel
For the first time in 2024, Egypt has announced an increase in fuel prices in an effort to reduce the gap between production costs and selling prices, the Ministry of Petroleum and Mineral Resources said in an official statement on Friday, 22 March. The recent liberalization of the exchange rate and rising transportation costs, especially due to Red Sea incidents, have significantly increased the cost of imported petroleum products, widening the gap between production costs and selling prices to…
