US EditionEgypt raises fuel prices for the second time this year
Egypt raised fuel prices by around 12% to reduce subsidies and ease its budget deficit while freezing prices for one year, following IMF conditions for financial aid.
- 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.
19 Articles
19 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.
Egypt Increases Domestic Fuel Prices by 10-12 Percent
Egypt has announced an increase in prices for all grades of octane gasoline, diesel, and compressed natural gas (CNG) used in vehicles, effective October 17, according to a statement released Friday morning. The price of 95-octane gasoline rose to EGP 21.00 (USD 0.44) per liter, up from EGP 19 (USD 0.40), while 92-octane gasoline increased to EGP 19.25 (USD 0.40) per liter from EGP 17.25 (USD 0.36). The price of 80-octane gasoline climbed to EG…
Associated Press News
Egypt raises fuel prices for the second time this year
Egypt has increased fuel prices by around 12%, marking the second hike this year. The government announced the change on Friday, stating that prices will remain fixed for at least a year.
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