Egypt Has Lowest Gasoline Prices in Region - Ministry Spox

Spokesman for the Ministry of Petroleum Hamdy Abdel Aziz said Egypt has the lowest prices of gasoline in the region, noting that the current prices cover the costs only.

Speaking to Sada Al Balad TV channel, he reiterated on Saturday that attention has been paid to social conditions before imposing the new 25-piaster rise of gasoline prices to avoid any inflation or price rises.

Abdel Aziz explained that diesel prices have not been increased because any price rises can affect public transport fares and the costs of goods transportation.

The Ministry of Petroleum on Friday set the price of 92 octane gasoline at EGP 8.25 per liter and 95 octane gasoline at EGP 9.25 per liter.

As per the decision, the new price of 80 octane gasoline is set at EGP 7 EGP per liter.

The new prices have come into effect as of Friday morning.

AllAfrica publishes around 800 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.