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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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The National broke the news in Abu Dhabi, United Arab Emirates on Friday, October 17, 2025.
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