{"id":563226,"date":"2021-06-23T03:46:07","date_gmt":"2021-06-23T03:46:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/fuel-prices-unlikely-to-go-up-in-3q\/"},"modified":"2021-06-23T03:46:07","modified_gmt":"2021-06-23T03:46:07","slug":"fuel-prices-unlikely-to-go-up-in-3q","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/fuel-prices-unlikely-to-go-up-in-3q\/","title":{"rendered":"Fuel prices unlikely to go up in 3Q"},"content":{"rendered":"

<\/a> The Madbouly government\u2019s fuel pricing committee is likely to leave prices unchanged for <\/strong>3Q when it meets during the first week of July<\/strong>, former oil minister Osama Kamal said on Sada El Balad yesterday (watch, runtime: 7:01<\/a>). The committee \u2014 which meets every quarter to review fuel prices under a pricing mechanism that pegs prices to Brent crude and global exchange rates \u2014 will discuss whether the recent rise of global oil prices warrants a hike in fuel prices here at home. This is unlikely, according to Kamal, who said that projects to upgrade the country\u2019s power infrastructure have decreased the country\u2019s oil consumption, suggesting that there is now less of a need to raise prices in line with what is happening internationally.<\/p>\n

This really depends on how much further oil rises over the next two weeks: <\/strong>Brent eclipsed the USD 70\/bbl mark for the first time since October 2018 last week<\/a>, and is now up to USD 75\/bbl. This is USD 10 above the benchmark price used to calculate the FY2021-2022 state budget.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Madbouly government\u2019s fuel pricing committee is likely to leave prices unchanged for 3Q when it meets during the first week of July, former oil minister Osama Kamal said on Sada El Balad yesterday (watch, runtime: 7:01). The committee \u2014 which meets every quarter to review fuel prices under a pricing mechanism that pegs prices […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72,819,371],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563226","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","tag-fuel","tag-oil-ministry","wpautop","entry"],"acf":{"mongo_id":"c6536c5d-c4da-4c6b-8930-2f2457b92202","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[563218],"teaser":"","voice_url":""},"yoast_head":"\nFuel prices unlikely to go up in 3Q - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/fuel-prices-unlikely-to-go-up-in-3q\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuel prices unlikely to go up in 3Q\" \/>\n<meta property=\"og:description\" content=\"The Madbouly government\u2019s fuel pricing committee is likely to leave prices unchanged for 3Q when it meets during the first week of July, former oil minister Osama Kamal said on Sada El Balad yesterday (watch, runtime: 7:01). The committee \u2014 which meets every quarter to review fuel prices under a pricing mechanism that pegs prices […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/fuel-prices-unlikely-to-go-up-in-3q\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-23T03:46:07+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/fuel-prices-unlikely-to-go-up-in-3q\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/fuel-prices-unlikely-to-go-up-in-3q\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Fuel prices unlikely to go up in 3Q\",\"datePublished\":\"2021-06-23T03:46:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/fuel-prices-unlikely-to-go-up-in-3q\/\"},\"wordCount\":181,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\",\"fuel\",\"Oil Ministry\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/fuel-prices-unlikely-to-go-up-in-3q\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/fuel-prices-unlikely-to-go-up-in-3q\/\",\"name\":\"Fuel prices unlikely to go up in 3Q - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-06-23T03:46:07+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/fuel-prices-unlikely-to-go-up-in-3q\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/fuel-prices-unlikely-to-go-up-in-3q\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/fuel-prices-unlikely-to-go-up-in-3q\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fuel prices unlikely to go up in 3Q\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Fuel prices unlikely to go up in 3Q - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/fuel-prices-unlikely-to-go-up-in-3q\/","og_locale":"en_US","og_type":"article","og_title":"Fuel prices unlikely to go up in 3Q","og_description":"The Madbouly government\u2019s fuel pricing committee is likely to leave prices unchanged for 3Q when it meets during the first week of July, former oil minister Osama Kamal said on Sada El Balad yesterday (watch, runtime: 7:01). 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The decision, made at the committee\u2019s final quarterly meeting of the year, leaves 95-octane at EGP 8.50 per liter, 92-octane at EGP 7.50, and 80-octane at EGP 6.25. Diesel\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/89.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572812,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/09\/govt-keeps-fuel-prices-on-hold-across-the-board\/","url_meta":{"origin":563226,"position":1},"title":"Gov\u2019t keeps fuel prices on hold across the board","author":"enterpriseam admin","date":"9 July 2020","format":false,"excerpt":"The government\u2019s fuel pricing committee left the price of all fuel grades unchanged during its quarterly meeting this week, according to an cabinet statement on Wednesday. The price of 95-octane remains EGP 8.50 per liter, 92-octane is EGP 7.50 per liter, and 80-octane is EGP 6.25 per liter. Gas oil\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/57.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563794,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/25\/fuel-prices-hiked-by-up-to-3-8\/","url_meta":{"origin":563226,"position":2},"title":"Fuel prices hiked by up to 3.8%","author":"enterpriseam admin","date":"25 July 2021","format":false,"excerpt":"Fuel prices hiked for second consecutive quarter: The government raised fuel prices by up to 3.8% over the weekend in response to rising international oil prices, the Oil Ministry said in a statement on Friday. This means that motorists will now pay an extra EGP 0.25 per liter for 95,\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/222.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543522,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/06\/fuel-prices-rise-by-up-to-3-5\/","url_meta":{"origin":563226,"position":3},"title":"Fuel prices rise by up to 3.5%","author":"enterpriseam admin","date":"6 February 2022","format":false,"excerpt":"The government has hiked fuel prices for the fourth time in less than a year in response to rising oil prices. The fuel pricing committee decided to raise prices at the pump by another EGP 0.25 per liter for 95, 92 and 80 octane fuel at its latest meeting, the\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/63.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545901,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/17\/were-paying-more-at-the-pumps\/","url_meta":{"origin":563226,"position":4},"title":"We\u2019re paying more at the pumps","author":"enterpriseam admin","date":"17 April 2022","format":false,"excerpt":"The government raised fuel prices by c. 3% over the weekend amid a rise in global oil prices on the back of Russia\u2019s invasion of Ukraine. In its latest quarterly meeting, the fuel pricing committee decided to raise prices at the pumps by another EGP 0.25 per liter for 95,\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/285.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566955,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/08\/govt-keeps-fuel-prices-unchanged-through-march\/","url_meta":{"origin":563226,"position":5},"title":"Gov\u2019t keeps fuel prices unchanged through March","author":"enterpriseam admin","date":"8 January 2020","format":false,"excerpt":"Gov\u2019t leaves fuel prices unchanged through March: The government\u2019s fuelpricing committee has decided to maintain the current prices for all grades of fuel until the end of March, according to a statement (pdf). 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