{"id":662578,"date":"2025-03-19T00:00:00","date_gmt":"2025-03-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/19\/govt-could-raise-fuel-prices-next-month\/"},"modified":"2025-03-19T00:00:00","modified_gmt":"2025-03-19T00:00:00","slug":"govt-could-raise-fuel-prices-next-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/19\/govt-could-raise-fuel-prices-next-month\/","title":{"rendered":"Gov\u2019t could raise fuel prices next month"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fuel bills co<\/strong><strong>uld g<\/strong><strong>o up again next month: <\/strong>The government is expected to raise fuel prices in April as it works to phase out fuel subsidies, a government source told EnterpriseAM. The anticipated move is part of the government\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6d01a66f-0aec-45b9-9ebb-73a3b2ef476b\/\" style=\"\" rel=\"noopener\">plan<\/a> to have energy prices reach cost recovery levels by the end of the year. The fuel pricing committee last <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e1e29b9-af1f-412d-9492-354ca6e76353\/\" style=\"\" rel=\"noopener\">raised fuel prices in October<\/a>, bumping up bills by 8-17% in what was the third and final fuel hike of 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The game plan: <\/strong>The committee is expected to raise prices by EGP 1-1.25 to narrow the gap between selling prices and production costs, our source said. The current costs per liter stand at EGP 21-22 for 92-Octane fuel and around EGP 23 for 95-Octane, our source added. That\u2019s compared to their current selling prices of EGP 15.25 and EGP 17.0 per liter, respectively.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More hikes to follow:<\/strong> The committee is expected to implement a price hike at each upcoming meeting this year, our source said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Staying the course: <\/strong>The government is set to press ahead with the planned hikes despite global oil prices standing at a lower level than what the current state budget pencils in, our source said. The fuel pricing committee is conducting an ongoing evaluation of prices based on global oil forecasts, exchange rates, and other variables.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Diesel and butane gas cylinders to remain subsidized: <\/strong>Diesel is set to continue to be sold at a subsidized price, while butane gas cylinders will also continue to receive a significant subsidy, Prime Minister Moustafa Madbouly said in last week\u2019s presser. Subsidies for diesel and gas cylinders will be covered through revenues from other petroleum products, cabinet spokesperson Mohamed El Homsani said last week, adding that selling diesel at its actual cost is not feasible due to its impact on citizens, especially low-income groups.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Until then,<\/strong> <strong>the government plans on extending its oil <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8006b9d5-4a15-40d9-811a-8e885083c8b2\/commodities,-tourism-incentives,-and-subsidies-were-the-main-talking-points-in-madbouly%25e2%2580%2599s-weekly-presser\" style=\"\" rel=\"noopener\">hedging strategy<\/a><\/strong> to hedge against any potential increase in oil prices or price shocks, the source told us. The government also plans to accelerate investment in the domestic oil sector to achieve self-sufficiency and possibly pave the way for exports, which would help balance Egypt\u2019s overall fuel consumption bill.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The gov\u2019t previously p<\/strong><strong>lanned on extending the timeline of implementing the fuel hikes <\/strong><strong>p<\/strong><strong>ast 2025: <\/strong>The government held talks with the IMF back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/49f57560-b333-4f41-aa1b-5a5b969e6424\/imf-expected-to-greenlight-reform-program-renegotiations-before-christmas\" style=\"\" rel=\"noopener\">December<\/a> about postponing a fuel hike planned for December of last year to early this month and postponing a subsequent hike in June to September, followed by quarterly hikes. This would effectively push the timeline for fully eliminating fuel subsidies to June 2026, rather than December 2025, our source said at the time, noting that such a decision would likely help bring down inflation in the interim.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not just fuel prices that are s<\/strong><strong>et for an increase:<\/strong> Electricity prices hikes for both residential and industrial sectors are set to take effect by July, another government source told EnterpriseAM, without disclosing the expected price increase. The government will continue to provide support for lower-consumption households, alongside carrying out efforts to regulate consumption through expanded control centers and prepaid meters, the source said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The Electricity Ministry last <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/502d7ed8-9571-460b-ad59-c01d2e26ff5c\/our-long-awaited%253cmark%253e-electricity%253c%2Fmark%253e-rate-hikes-are-here,-capping-off-a-busy-summer-of-subsidy-reform\" style=\"\" rel=\"noopener\">hiked<\/a> electricity prices for households, businesses, and the public sector in September of last year. Prices rose 14-40% across the board, with the sharpest increases faced by households with the heaviest consumption.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fuel pricing committee is expected to raise prices by EGP 1-1.25 to narrow the gap between selling prices and production costs<\/p>\n","protected":false},"author":1,"featured_media":662579,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7206],"tags":[104,72,819,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-662578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-enterpriseam","tag-fuel","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"ca410478-05e5-4422-99fb-61604a78bd07","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/1527.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt could raise fuel prices next month","related_issue":[662570],"teaser":"The fuel pricing committee is expected to raise prices by EGP 1-1.25 to narrow the gap between selling prices and production costs","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.143ca13d-f0a8-4bbe-9e21-80ec2ef9f0ed.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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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 &quot;Energy&quot;","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":574350,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/manufacturers-continue-lobbying-efforts-to-cut-gas-prices-ahead-of-fuel-committee-meeting\/","url_meta":{"origin":662578,"position":2},"title":"Manufacturers continue lobbying efforts to cut gas prices ahead of fuel committee meeting","author":"enterpriseam admin","date":"7 September 2020","format":false,"excerpt":"Manufacturers are pushing ahead with an aggressive lobbying campaign that aims to convince the state to cut natural gas prices. Manufacturers surveyed by Hapi Journal estimated the fair price for gas at between USD 2.50\u20133.50 \/ mmbtu against the current USD 4.50 \/ mmbtu Among the suggestions being offered was\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":575279,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/fuel-prices-to-remain-unchanged-till-end-of-2020\/","url_meta":{"origin":662578,"position":3},"title":"Fuel prices to remain unchanged till end of 2020","author":"enterpriseam admin","date":"11 October 2020","format":false,"excerpt":"The government\u2019s fuel pricing committee decided to leave fuel prices unchanged for the remainder of 2020, according to a cabinet statement. 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 &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\/2020\/10\/89.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570696,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/12\/govt-cuts-egypts-fuel-prices-egp-0-25-across-the-board\/","url_meta":{"origin":662578,"position":4},"title":"Gov\u2019t cuts Egypt\u2019s fuel prices EGP 0.25 across the board","author":"enterpriseam admin","date":"12 April 2020","format":false,"excerpt":"The government\u2019s fuel pricing committee has cut the price of all fuel grades by EGP 0.25 per liter and has also cut the price of mazut (heavy fuel oil) for factories, according to an official statement (pdf). The price of 95-octane is now EGP 8.50 per liter, 92-octane is EGP\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\/2020\/4\/100.jpg?fit=%2C&ssl=1&resize=350%2C200","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":662578,"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\/662578","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=662578"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/662578\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/662570"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/662579"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=662578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=662578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=662578"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=662578"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=662578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}