Egypt hikes retail fuel products by 11.7%-33.3%

Doaa A.Moneim , Friday 11 Apr 2025

Egypt raised prices on all retail fuel products effective 6:00 a.m. on Friday, marking the first increase in 2025 after a six-month freeze announced by Prime Minister Mostafa Madbouly in October.

File Photo: An employee pumping Fuel in a car at a petrol station in Cairo. Photo courtesy of Egyptian state information service.

The decision comes nearly two months after the completion of the International Monetary Fund's fourth review, during which Egypt committed to phasing out all fuel subsidies by December 2025.

The new increases in fuel prices ranged from 11.7 percent to over 33 percent, thus exceeding the 10 percent room the Automatic pricing mechanism set for reviewing up or down retail fuel product prices.

In a statement, the Ministry of Petroleum and Mineral Resources said it raised the prices of all types of gasoline, diesel, industrial mazut, gas for brick factories, and butane. The prices are now as follows:

Gasoline 95: increased by 11.7 percent to reach EGP 19 per liter, up from EGP 17 per liter.
Gasoline 92: increased by 13.1 percent to reach EGP 17.25 per liter, up from EGP 15.25 per liter.
Gasoline 80: increased by 14.5 percent to reach EGP 15.75 per liter, up from EGP 13.75 per liter.
Diesel: increased by 14.8 percent to reach EGP 15.5 EGP per liter, up from EGP 13.5 per liter.
Mazut supplied to other industries: increased by 10.5 percent to reach 10,500 EGP per ton, up from EGP 9,500 per ton.
Household butane cylinder (12.5 kg): 200 EGP
Butane cylinders for home use: increased by 33.3 percent to EGP 200 per cylinder, up from EGP 150.
Butane cylinders for industrial use: increased by 33.3 percent to reach EGP 200 per cylinder, up from EGP 400 per cylinder.
Gas (bulk): increased by 33.3 percent to reach 16,000 EGP per ton, up from 12,000 per ton
Gas supplied to brick kilns: increased by EGP 210 per million thermal units, up from EGP 190.
The price of mazut supplied for electricity generation and food industries and gas for vehicle fueling has remained unchanged.

The petroleum ministry stated that a price gap between costs and selling prices still exists despite the recent hikes due to the significant cost increases.

The ministry stated that it mostly subsidizes diesel, butane, and gasoline 80/92 to alleviate burdens on citizens, noting that the government imports 40 percent of diesel for consumption, 50 percent of butane, and 25 percent of gasoline.

The statement explained that due to the persisting gap between prices and actual costs, the government, notwithstanding the current price increases, still has to pay EGP 366 million daily – EGP 11 billion monthly – to support gasoline products, diesel, and butane.

Moreover, the ministry indicated that the recent decrease in Brent crude prices globally, which has led to a slight reduction in the cost of a liter of diesel (estimated at 40 piasters), has not eliminated the gap between costs and selling prices. Brent crude oil prices are set at $63.87/barrel on Friday.

The petroleum ministry noted that the government, considering the social impact of increases in fuel prices, had last corrected prices six months ago (on 18 October 2024) and had no intention to alter current prices before six months.

The government has approved a draft budget for the 2025/2026 fiscal year, slashing fuel subsidies by more than half to EGP 75 billion, down from EGP 154.5 billion the previous year.