{"id":17620,"date":"2025-03-21T19:46:29","date_gmt":"2025-03-21T17:46:29","guid":{"rendered":"https:\/\/zawia3.com\/?p=17620"},"modified":"2026-10-24T19:07:31","modified_gmt":"2026-10-24T17:07:31","slug":"fuel-2","status":"publish","type":"post","link":"https:\/\/zawia3.com\/en\/fuel-2\/","title":{"rendered":"Fuel Subsidy Cuts Leave Egyptians Bracing for Another Cost-of-Living Shock"},"content":{"rendered":"

Egyptians are awaiting new increases in fuel prices as the government returns to completing the measures to cut fuel subsidies by the end of this March, as confirmed by Egyptian Prime Minister Mostafa Madbouly during the press conference held by the Cabinet on Wednesday, 12 March, at the Cabinet’s headquarters in the New Administrative Capital.<\/span><\/p>\n

The government aims to close the file of lifting subsidies on fuel and energy prices by the end of the current year, with the lifting of subsidies to be gradual, leading to the complete elimination of subsidies by the end of 2025. Meanwhile, the Prime Minister <\/span>explained <\/span><\/a>in his speech that there would be cross-subsidisation between products and that the butane gas cylinder would remain subsidised.<\/span><\/p>\n

This step comes within the framework of Egypt’s commitments to the International Monetary Fund, which, in its latest review, made the restructuring of subsidies a condition to ensure the efficient distribution of financial resources. The IMF Executive Board had<\/span> approved<\/span><\/a>, on 11 March, the disbursement of the fourth tranche of Egypt’s loan, worth $1.2 billion, and also approved the authorities’ request to obtain additional financing worth $1.3 billion from the Resilience and Sustainability Facility, to be disbursed in tranches rather than in a single tranche.<\/span><\/p>\n

 <\/p>\n

During the period from 2013 to 2020, fuel and energy prices rose six times. By contrast, 2015 and 2020 saw stable prices, as shown in the following figure:<\/span><\/p>\n

Fuel prices, 2013 to 2020<\/figcaption>

Price per litre after each year's pricing decisions<\/p>

<\/div>
<\/div>
Year<\/th>Diesel<\/th>Petrol 80<\/th>Petrol 92<\/th>Petrol 95<\/th><\/tr><\/thead>
2013<\/td>1.10<\/bdi><\/td>0.90<\/bdi><\/td>1.85<\/bdi><\/td>5.85<\/bdi><\/td><\/tr>
2014<\/td>1.80<\/bdi><\/td>1.60<\/bdi><\/td>2.60<\/bdi><\/td>6.25<\/bdi><\/td><\/tr>
2015<\/td>1.80<\/bdi><\/td>1.60<\/bdi><\/td>2.60<\/bdi><\/td>6.25<\/bdi><\/td><\/tr>
2016<\/td>2.35<\/bdi><\/td>2.35<\/bdi><\/td>3.50<\/bdi><\/td>6.25<\/bdi><\/td><\/tr>
2017<\/td>3.65<\/bdi><\/td>3.65<\/bdi><\/td>5.00<\/bdi><\/td>6.60<\/bdi><\/td><\/tr>
2018<\/td>5.50<\/bdi><\/td>5.50<\/bdi><\/td>6.75<\/bdi><\/td>7.75<\/bdi><\/td><\/tr>
2019<\/td>6.75<\/bdi><\/td>6.75<\/bdi><\/td>8.00<\/bdi><\/td>9.00<\/bdi><\/td><\/tr>
2020<\/td>6.75<\/bdi><\/td>6.25<\/bdi><\/td>7.50<\/bdi><\/td>8.50<\/bdi><\/td><\/tr><\/tbody><\/table><\/div>
Official Gazette, Ministry of Petroleum and Mineral Resources, automatic fuel pricing committee \u00b7 2013: prices in force before the July 2014 increase. 2019: after the July 2019 increase; petrol was cut by 0.25 EGP in October 2019. 2020: after the April 2020 cut<\/span>