{"id":646377,"date":"2017-06-13T04:08:35","date_gmt":"2017-06-13T04:08:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/13\/fuel-prices-could-rise-by-egp-1-per-litre-come-july\/"},"modified":"2017-06-13T04:08:35","modified_gmt":"2017-06-13T04:08:35","slug":"fuel-prices-could-rise-by-egp-1-per-litre-come-july","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/13\/fuel-prices-could-rise-by-egp-1-per-litre-come-july\/","title":{"rendered":"Fuel prices could rise by EGP 1 per litre come July"},"content":{"rendered":"

<\/a> Hello, inflation: Petrol prices to go up in July?<\/strong> The price of 92-grade octane petrol will rise at the pumps by EGP 1 per liter to EGP 4.5 per liter starting 1 July, government sources tell Al Mal<\/a>. The price of 80-grade octane will also increase as the government moves ahead with its plan to cut spending on fuel subsidies. The moves could drive inflation levels up to somewhere near the 35% mark<\/strong>, Arqaam Capital Senior Economist Reham El Desoki tells the newspaper<\/a>. A member of parliament said he was concerned that inflationary pressures could fuel social unrest.<\/p>\n

With the same concerns in mind, others in government are trying to delay fuel price <\/strong>hikes<\/strong>, especially since electricity prices are also slated to rise when the new budget comes into effect on 1 July, top officials tell Al Shorouk<\/a>. Security officials reportedly backed the idea<\/strong>, worried that inflation coupled with issues like the Tiran and Sanafir debate could escalate existing tension.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hello, inflation: Petrol prices to go up in July? The price of 92-grade octane petrol will rise at the pumps by EGP 1 per liter to EGP 4.5 per liter starting 1 July, government sources tell Al Mal. The price of 80-grade octane will also increase as the government moves ahead with its plan to […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646377","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"70ad8322-126d-456a-a76c-5642353ca7fa","order":"0","is_powered_by":true,"section_story_id":"b032eb33-df4e-4a7c-91db-b6c83c1a5382","story_type":"1","photo_url":"","photo_position":"above","related_issue":[646367],"teaser":"","voice_url":""},"yoast_head":"\nFuel prices could rise by EGP 1 per litre come July - 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\/2017\/06\/13\/fuel-prices-could-rise-by-egp-1-per-litre-come-july\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuel prices could rise by EGP 1 per litre come July\" \/>\n<meta property=\"og:description\" content=\"Hello, inflation: Petrol prices to go up in July? The price of 92-grade octane petrol will rise at the pumps by EGP 1 per liter to EGP 4.5 per liter starting 1 July, government sources tell Al Mal. 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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":596721,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/government-raises-fuel-prices-phasing-out-remaining-fuel-subsidies\/","url_meta":{"origin":646377,"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. 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