{"id":602566,"date":"2019-04-01T03:23:00","date_gmt":"2019-04-01T03:23:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/01\/govt-leaves-95-octane-price-on-hold-as-fuel-pricing-mechanism-is-introduced\/"},"modified":"2019-04-01T03:23:00","modified_gmt":"2019-04-01T03:23:00","slug":"govt-leaves-95-octane-price-on-hold-as-fuel-pricing-mechanism-is-introduced","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/01\/govt-leaves-95-octane-price-on-hold-as-fuel-pricing-mechanism-is-introduced\/","title":{"rendered":"Gov\u2019t leaves 95-octane price on hold as fuel pricing mechanism is introduced"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a><b> The price of 95-octane fuel will stay unchanged as a new pricing mechanism is introduced:<\/b> The price of 95-octane will be held at EGP 7.75 per liter through 2Q2019 as the <u><a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/08\/govt-to-implement-fuel-pricing-mechanism-on-95-octane-gasoline-in-2q2019\/\">automatic fuel pricing mechanism<\/a><\/u> comes into effect<b>,<\/b> <u><a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N21I0LF\">Reuters reports<\/a><\/u>. The new pricing committee cited a stronger EGP and current Brent prices as underpinning its decision to leave the price at the pumps on hold.<\/p>\n<p><b>Background: <\/b>The IMF <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/26\/release-of-imf-funding-held-up-over-oil-pricing-mechanism-cost-of-insuring-egyptian-debt-inches-up\/\">conditioned the disbursement<\/a><\/u> of the fifth tranche of Egypt\u2019s USD 12 bn IMF loan on the introduction of the mechanism, which will allow the price of 95-octane to fluctuate by as much as 10% in line with movements in the international markets. A committee made up of finance and oil ministry officials will re-price the fuel every three months, factoring in Brent prices and the exchange rate. The government intends to extend the pricing mechanism to 80-octane and 92-octane in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of 95-octane fuel will stay unchanged as a new pricing mechanism is introduced: The price of 95-octane will be held at EGP 7.75 per liter through 2Q2019 as the automatic fuel pricing mechanism comes into effect, Reuters reports. The new pricing committee cited a stronger EGP and current Brent prices as underpinning its [&hellip;]<\/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":[8572],"tags":[72,819,272,100,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602566","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-fuel","tag-imf","tag-policy","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"32ff3468-0ab1-4ab5-b09e-c23fd097157e","is_powered_by":true,"section_story_id":"6ccd21d6-f5cf-4796-ad96-55d1a0c0470d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602559],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gov\u2019t leaves 95-octane price on hold as fuel pricing mechanism is introduced - 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\/2019\/04\/01\/govt-leaves-95-octane-price-on-hold-as-fuel-pricing-mechanism-is-introduced\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t leaves 95-octane price on hold as fuel pricing mechanism is introduced\" \/>\n<meta property=\"og:description\" content=\"The price of 95-octane fuel will stay unchanged as a new pricing mechanism is introduced: The price of 95-octane will be held at EGP 7.75 per liter through 2Q2019 as the automatic fuel pricing mechanism comes into effect, Reuters reports. The new pricing committee cited a stronger EGP and current Brent prices as underpinning its [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/01\/govt-leaves-95-octane-price-on-hold-as-fuel-pricing-mechanism-is-introduced\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-01T03:23:00+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\/2019\/04\/01\/govt-leaves-95-octane-price-on-hold-as-fuel-pricing-mechanism-is-introduced\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/01\/govt-leaves-95-octane-price-on-hold-as-fuel-pricing-mechanism-is-introduced\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t leaves 95-octane price on hold as fuel pricing mechanism is introduced\",\"datePublished\":\"2019-04-01T03:23:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/01\/govt-leaves-95-octane-price-on-hold-as-fuel-pricing-mechanism-is-introduced\/\"},\"wordCount\":161,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"fuel\",\"IMF\",\"policy\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/01\/govt-leaves-95-octane-price-on-hold-as-fuel-pricing-mechanism-is-introduced\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/01\/govt-leaves-95-octane-price-on-hold-as-fuel-pricing-mechanism-is-introduced\/\",\"name\":\"Gov\u2019t leaves 95-octane price on hold as fuel pricing mechanism is introduced - 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Speculation is rife in the local press that the Oil Ministry might begin moving prices on 95-octane fuel this month under the automatic fuel pricing mechanism, after it kept the price of 95-octane unchanged at EGP 7.75 per liter in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/102.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599689,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/08\/govt-to-implement-fuel-pricing-mechanism-on-95-octane-gasoline-in-2q2019\/","url_meta":{"origin":602566,"position":1},"title":"Gov\u2019t to implement fuel pricing mechanism on 95 octane gasoline in 2Q2019","author":"enterpriseam admin","date":"8 January 2019","format":false,"excerpt":"95 octane fuel could move up or down 10% thanks to new price mechanism: The price of 95 octane gas may fluctuate up or down by 10% when the a new pricing mechanism that pegs it to the global market comes into effect in April, according to a government decree\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/102.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":602566,"position":2},"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). This means that prices will remain at EGP 8.75 per liter of 95-octane, EGP 7.75 per liter\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596721,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/government-raises-fuel-prices-phasing-out-remaining-fuel-subsidies\/","url_meta":{"origin":602566,"position":3},"title":"Government raises fuel prices, phasing out remaining fuel subsidies","author":"enterpriseam admin","date":"7 July 2019","format":false,"excerpt":"Government raises fuel prices, phasing out remaining fuel subsidies: The government raised fuel prices by between 16% and 30% over the weekend as it introduced the latest round of fuel subsidy cuts, the Oil Ministry announced in a statement. The price of 95 and 92-octane rose by 16% and 18.5%,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/757.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600308,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/egypts-fuel-subsidy-bill-falls-15-in-1h2018-19\/","url_meta":{"origin":602566,"position":4},"title":"Egypt\u2019s fuel subsidy bill falls 15% in 1H2018-19","author":"enterpriseam admin","date":"27 January 2019","format":false,"excerpt":"State\u2019s fuel subsidy bill falls 15% in 1H2018-19: Egypt\u2019s fuel subsidy bill fell 14.7% y-o-y in 1H2018-19 to EGP 43.5 bn, Oil Minister Tarek El Molla told Reuters on Wednesday. Egypt is expecting to spend around EGP 90 bn in total on fuel subsidies in the fiscal year ending in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593655,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/egypt-cuts-fuel-prices-for-first-time-since-2016\/","url_meta":{"origin":602566,"position":5},"title":"Egypt cuts fuel prices for first time since 2016","author":"enterpriseam admin","date":"7 October 2019","format":false,"excerpt":"Gov\u2019t cuts fuel prices for first time since 2016: The government has revised down prices for all grades of fuel by EGP 0.25 per liter on the back of lower average crude prices and a stronger EGP, the cabinet said in a statement. The committee in charge of setting prices\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/1986.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=602566"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602566\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/602559"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=602566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=602566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=602566"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=602566"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=602566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}