News

Egypt Raises Fuel Prices Starting Thursday

Egypt Raises Fuel Prices Starting Thursday

A worker holds up a fuel pump nozzle after filling up the tank of a car at a petrol station in Cairo October 3, 2012. REUTERS/Mohamed Abd El Ghany

The Council of Ministers of Egypt approves petrol new price list imposed on gasoline, diesel and butane gas starting Thursday.

According to the Ministry of Petroleum, the prices for 80 octane gasoline increased from EGP 2.35 to EGP 3.65 per litre. Prices for 92 octane gasoline climbed to EGP 5 from EGP 3.50 per litre. Also, diesel prices increased from EGP 2.35 to EGP 3.65 per litre. Prices for butane gas doubled reaching EGP 30 instead of EGP 15.

While about 30 percent of Egypt’s population lives below the poverty line, the second round of fuel price increase would make Egyptians struggle even more in attempts to cope with the new price hikes.

Last November, the Egyptian government issued a decision raising prices of fuel, diesel, butane gas and natural gas by up to 47 percent.

This increase happened 24 hours after Egypt’s central bank (CBE) floated the pound currency devaluing it against all foreign currencies.

Cairokee & Tania Saleh: Arab Voices Collide at Shubbak Festival in London
Hamas to Build Buffer Zone Between Gaza Strip and Egypt

Subscribe to our newsletter


News

More in News

Saudi Arabia Loses Match to Uruguay: Egypt Will Not Continue in World Cup

Egyptian StreetsJune 20, 2018

The United States Withdraws from UN Human Rights Council

Marwan ShalabyJune 20, 2018

Egypt Loses 3-1 to World Cup Hosts in Fierce Match

Youssef AwwadJune 19, 2018

Mohamed Salah ‘Among Starting XI’ in Egypt-Russia World Cup Match

Egyptian StreetsJune 19, 2018

Trump’s Separation Migrant Policy Places Children in ‘Cages’

Jana Bou MatarJune 19, 2018

Egypt Offers Free Train Seats for Cancer Patients

Egyptian StreetsJune 19, 2018

Man Killed While Swimming in Luxurious Hacienda Bay

Seif GhallabJune 17, 2018

Fuel Price Hike Prompts Increase in Public Transportation Fares

Egyptian StreetsJune 17, 2018
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.