2023-05-04 04:27:00
The Pricing Committee attributes its decision to the increase in prices globally and the exchange rate of the pound against the dollar
The Committee for Automatic Pricing of Petroleum Products in Egypt decided to increase the price of diesel by one pound per liter, so that the selling price in the local market becomes EGP 8.25 per liter, as of two o’clock in the morning on Thursday, corresponding to May 04, 2023.
The committee said, in a statement, that this comes in light of the increase in international prices for crude oil and petroleum products and the exchange rate of the pound against the dollar.
The committee also decided to fix the prices of all types of gasoline at 8.75 pounds per liter of 80-gasoline, 10.25 pounds per liter of 92-gasoline, and 11.50 pounds per liter of 95-gasoline, as well as fixing the selling price of a ton of diesel for non-electricity and food industries at 6000 pounds per ton.
The Committee for Automatic Pricing of Petroleum Products determines prices every 3 months, according to the review of the price equation and the implementation of the automatic pricing application mechanism.
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