In a fresh blow to consumers, Egypt has hiked prices of petrol, diesel, and LPG—marking the fourth increase in a single year. The Fuel Pricing Committee of the Ministry of Petroleum announced on Saturday that prices for premium motor spirit (PMS) and other petroleum products have surged by 12.8% to 14.8%, effective immediately.
This sweeping move is part of the Egyptian government’s ongoing strategy to phase out energy subsidies and achieve full cost recovery by 2025. While fuel prices in Egypt remain lower than those in Nigeria—where state price controls have been entirely scrapped—the pressure on Egyptian households is mounting.
Current Fuel Prices (Effective April 13):
- 95-Octane PMS: EGP 19.00 ($0.37)
- 92-Octane PMS: EGP 17.25 ($0.34)
- 80-Octane PMS: EGP 15.75 ($0.31)
- Diesel/Kerosene: EGP 15.50 ($0.30)
- Butane Gas (12.5 kg): EGP 200 ($3.90)
- Commercial Gas Cylinder: EGP 400 ($7.80)
- Heavy Fuel Oil (Industrial): EGP 10,500/ton ($205)
In a slight reprieve, Compressed Natural Gas (Autogas) and fuel oil for electricity and food sectors remain untouched. Still, many fear that the rising fuel prices will ripple across the economy, driving up transport, cooking, and manufacturing costs.
Despite the cuts in subsidies, the government is set to spend $215 million monthly to cushion the energy sector.
Source: Africa Oil+Gas Report
