Cairo – Mubasher: The Fuel Pricing Committee is scheduled to meet in Egypt, early next July, to discuss the position of gasoline and diesel prices according to the latest developments related to fuel prices globally.
According to previous statements by the Egyptian Minister of Petroleum, Engineer Tarek El Molla, two important factors behind fuel pricing are the global price of crude oil, in addition to the price of the dollar against the pound, in addition to other considerations such as trading burdens and transportation or shipping costs.
The Petroleum Products Pricing Committee met on March 22 and announced the increase in gasoline, diesel, and diesel prices, which will continue from the beginning of March until the beginning of July, as follows:
The price of gasoline 95 is 13.50 pounds per litre.
The price of gasoline 92 is 12.50 pounds per litre.
– The price of gasoline 80 is 11 pounds / liter.
The price of diesel is 10 pounds per litre.
– The price of gas supply for cars is 6.50 pounds / m3.
The price of the stove is 100 pounds per cylinder.
Ministerial Resolution No. 2764 of 2018 stipulated that a technical committee called “the Automatic Pricing Mechanism Follow-up Committee for Petroleum Products” be formed, which includes representatives of the Ministries of Petroleum and Finance, in addition to the Egyptian General Petroleum Corporation, responsible for following up the price equation on a quarterly basis, so that the price is linked to Selling Octane 95 gasoline in the local market, at international prices for Brent crude and at the exchange rate, taking into account other costs, which can be adjusted periodically.
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