As of Saturday, Egyptian fuel and cooking gas prices increased as part of the country’s economic reforms measures to service Egypt’s currently ailing economy. The Egyptian authorities declared the changes in prices on the second day of Eid al-Fitr, therefore making it the third time the Egyptian government increased the fuel prices following the austerity measures announced in 2015. The Ministry of Oil announced the new prices in a statement on Saturday morning. The changes in the prices declared were the following: More than 60-percent increase in the prices of both the cooking gas for commercial use that augmented from 60 to 100 pounds (from $3.30 to $5.60 per cylinder) and the cooking gas for home use that increased from 30 to 50 pounds (from $1.68 to $2.80). Around 34-percent increase in the prices of octane gasoline whereas ninety-two octane gasoline increased from 5 pounds to 6.75 pounds (from $0.28 to $0.38) per liter and eighty octane gas increased from 3.65 to 5.5 pounds (from $0.20 to $0.31). Nearly 17.5 percent increase in ninety-five octane gasoline which increased from 6.6 pounds to 7.75 pounds (from $0.37 to $0.43) Authorities have…
