The Egyptian Ministry of Petroleum and Mineral Resources has announced new pricing for all petroleum products, effective Friday morning. The Automatic Fuel Pricing Committee approved the following changes:

Transportation Fuels:

• Premium 95 Octane: Increased to EGP 19.00/liter (~$0.37)

• Regular 92 Octane: Increased to EGP 17.25/liter (~$0.336)

• 80 Octane: Increased to EGP 15.75/liter (~$0.306)

• Diesel: Adjusted to EGP 15.50/liter (~$0.29)

• Kerosene: Set at EGP 15.50/liter (~$0.297)

Household & Commercial Gas:

• Domestic LPG cylinders: Increased from EGP 150 to EGP 200 (~$3.90)

• Commercial LPG cylinders: Increased from EGP 300 to EGP 400 (~$7.80)

Industrial Fuels:

• Bulk gas: Increased from EGP 12,000 to EGP 16,000/ton (~$311.70)

• Brick kiln gas: Increased from EGP 190 to EGP 210 per million BTU (~$4.10)

• Industrial mazut: Increased from EGP 9,500 to EGP 10,500/ton (~$204.60)
  Note: Prices remain unchanged for power plants, food industries, and vehicle CNG

Economic Context:
These adjustments reflect:

1. Ongoing economic reforms under Egypt's IMF program

2. Efforts to reduce subsidy burdens (currently ~2.5% of GDP)

3. Alignment with global market trends (Brent crude currently at $85/barrel)

4. Commitment to quarterly price review mechanism established in 2019