Egypt Announces the Third Fuel Price Increase of 2021

Egypt Announces the Third Fuel Price Increase of 2021

Source: Enterprise Press

The Ministry of Petroleum and Mineral Resources announced on Friday 8 October 2021 an increase in the price of fuel by 25 piasters.

The statement added that the new pricing list is effective starting from 9:00 AM of Friday 8 October. This counts as the third increase in fuel prices in 2021, with other increases announced in July and April.

The prices of the lower 80 octane grade are now EGP 7 ($0.45) per liter. Meanwhile, the most used gasoline grade 92 now costs EGP 8.25 ($0.53) per liter.

As for the highest octane grade, 95, its price has increased to EGP 9.25 ($0.59) per liter while the diesel fuel prices remain unchanged at EGP 6.75 ($0.43).

According to the Ministry of Petroleum and Mineral Resources, the Fuel Automatic Pricing Committee explained the decision to increase fuel prices came as a result of a seven per cent surge in the prices of its main raw material, brent crude, which it said had reached $83.10 per barrel.

The Ministry concluded its statement by highlighting its goals of maintaining the supply of fuel and natural gas despite the impacts of the COVID-19 pandemic and the constant increase in the prices of raw materials.

World Mental Health Day: Egyptians Continue to Struggle With Working From Home
Moushira Khattab Becomes First Female President of Egypt's Human Rights Council

Subscribe to our newsletter


Nadine is a political science graduate and aspiring researcher. She is interested in politics, sociology, culture, graphic design, and is a strong believer of “knowledge is power and power is knowledge.” - Foucault

More in News

Perusing Books Amidst a Pandemic: the Cairo Book Fair to Offer Vaccinations for Attendees

Mariam Zakzouk25 January 2022

Surge in Egyptian Expat Remittances Offer Signs of Economic Stability

Ibrahim Abdou24 January 2022

‘We’ve Been Strategic Partners for the Last 40 Years’: Interview with US Ambassador to Egypt

Marina Makary23 January 2022

President Sisi Orders Bonuses for Teachers, Medical Interns and Public Sector Employees

Egyptian Streets19 January 2022

Israeli Forces Demolish the Salhiya Family Home in Sheikh Jarrah

Fadila Khaled19 January 2022

Egyptian Researcher Wins Award for Best Cancer Research in Germany

Farah Rafik19 January 2022

Cairo’s International Book Fair Returns for its 53rd Edition

Farah Rafik18 January 2022

Sawsan Badr to Recieve Award at 6th Aswan International Women Film Festival

Farah Rafik18 January 2022