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Egypt raises fuel prices for the second time this year
- On Friday, October 17, 2025, Egypt raised prices on a wide range of fuel products by around 12%, marking the second increase this year likely to push up costs.
- The IMF-linked reform push prompted the Egyptian government to raise fuel prices as part of policies to reduce subsidies and ease the budget deficit, tied to the IMF Extended Fund Facility last year.
- Prices were adjusted by between 10.5 and 12.9 on various fuels, with diesel rising from 15.50 to 17.50 pounds per litre and gasoline grades increasing as well.
- To limit further shocks, the ministry pledged to run refineries at full capacity, pay arrears and offer incentives to boost output and reduce import costs.
- Amid a recent S&P upgrade to 'B', Central Bank of Egypt data showing 11.7% inflation in September indicates Egypt's economy faces structural strains from austerity, pandemic and regional conflicts.
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14 Articles
14 Articles
Egypt raises domestic fuel prices, freezes them for at least a year
Egypt raised prices on a wide range of fuel products on Friday, the country's official gazette said, marking the second increase this year, in line with government policies to reduce subsidies and ease a budget deficit.
·United Kingdom
Read Full ArticleEgypt raises fuel prices for the second time this year
CAIRO: Egypt increased fuel prices by around 12 percent on Friday, a step likely to drive up the costs of goods and services across the country. This is the second fuel price hike this year. In a statement posted on Facebook, the Egyptian government gave no reason for the move but said fuel prices will remain fixed in the local market with no further increases for at least one
·Riyadh, Saudi Arabia
Read Full ArticleCoverage Details
Total News Sources14
Leaning Left4Leaning Right2Center4Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
Factuality
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