The Madbouly government is set to hike household natural gas prices by around 25% this month, a government source told EnterpriseAM. The new prices will start being applied to consumption starting June, and will show up in bills issued starting early July.

Natural gas consumers will now pay:

  • EGP 4 per cbm for up to 30 cbm of consumption, up from EGP 3 per cbm;
  • EGP 5 per cbm for up to 60 cbm of consumption, up from EGP 4 per cbm;
  • EGP 7 per cbm for anything over 60 cbm, up from EGP 5 per cbm.

Factory gas prices could be next. While no decision has been issued yet, our source said that the country’s industrial sector could also see higher gas prices in the coming days.

Local news outlets Masrawy and Shorouk also picked up the news, citing sources from the Oil Ministry and the Petroleum Commercial Services Company.

REMEMBER- The government also hiked the price for a 12.5-kg butane gas cylinder 33.3% to EGP 200 and a commercial cylinder by 33.3% to EGP 400, alongside the first fuel price hike this year in April.

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