Egypt’s Fuel Automatic Pricing Committee (FAPC) has raised prices for different types of fuel in the market by EGP 0.75 to EGP 1 per liter, a decision effective as of Thursday 2 March, at 2 AM Cairo Time. The price of 95-octane petrol has risen from EGP 10.75 to EGP 11.50 per liter; 92-octane petrol has risen from EGP 9.25 to EGP 10.25 per liter; and 80-octane petrol has risen from EGP 8 to EGP 8.75 per liter. Additionally, the price of compressed natural gas (CNG) has been increased to EGP 4.50 per meter. Mazut will be charged at EGP 6,000 per ton, except for bakeries and electricity producers. The price of diesel, meanwhile, remains unchanged and still stands at EGP 7.25 per liter. The decision was reached by the FAPC in its meeting held on Wednesday 1 March. In a previous meeting in October 2022, following a price raise in July of the same year, the FAPC had decided to keep fuel prices unchanged until the end of December. Since 2019, Egypt has been committed to linking the price of fuel in the country to international crude oil prices…
