{"id":18510,"date":"2024-07-25T13:41:27","date_gmt":"2024-07-25T11:41:27","guid":{"rendered":"https:\/\/zawia3.com\/?p=18510"},"modified":"2026-10-09T04:31:06","modified_gmt":"2026-10-09T02:31:06","slug":"petrol","status":"publish","type":"post","link":"https:\/\/zawia3.com\/en\/petrol\/","title":{"rendered":"Petrol Price Rises in Egypt: A Journey of Increases Since 2014"},"content":{"rendered":"<p>Egypt&#8217;s Ministry of Petroleum announced on Thursday, according to the Official Gazette, a new increase in petrol prices of up to 15%. The increases were as follows:<\/p>\n<ul>\n<li>The price of a litre of 80-octane petrol rose by EGP 1.25 to EGP 12.25 instead of EGP 11.<\/li>\n<li>The price of a litre of 92-octane petrol also rose by EGP 1.25 to EGP 13.75 instead of EGP 12.50.<\/li>\n<li>The price of a litre of 95-octane petrol increased by 11.1% to EGP 15 per litre, instead of EGP 13.50 before the increase.<\/li>\n<\/ul>\n<blockquote>\n<p>In a statement by Egyptian Prime Minister Mostafa Madbouly, reported by Reuters, it was announced that the prices of petroleum products would continue to rise gradually until December 2025. This step comes as part of a series of increases the country has witnessed over the past three years as a result of the acute economic crisis that led to a significant decline in the value of the Egyptian pound against the US dollar.<\/p>\n<\/blockquote>\n<p>Assistant Minister of Petroleum Khaled Osman stressed during a television interview that the state loses about EGP 450 million a day because of fuel subsidies. He pointed out that Egypt is one of the cheapest countries in the region for petroleum product prices. These statements come at a time when the government is seeking to reduce the financing gap and balance the state budget.<\/p>\n<p>The Egyptian government expects to save about EGP 36 billion in the state budget after raising fuel prices for the second time in 2024, according to a report published by Asharq Bloomberg. This increase aims to reduce subsidies and improve the state&#8217;s financial situation amid mounting economic challenges.<\/p>\n<p><figure id=\"attachment_19078\" aria-describedby=\"caption-attachment-19078\" style=\"width: 1366px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-19078 size-full\" src=\"https:\/\/zawia3.com\/wp-content\/uploads\/2026\/10\/en-m10114.png\" alt=\"Price per litre of 80-octane petrol in Egypt, 2014-2024\" width=\"1366\" height=\"768\" srcset=\"https:\/\/zawia3.com\/wp-content\/uploads\/2026\/10\/en-m10114.png 1366w, https:\/\/zawia3.com\/wp-content\/uploads\/2026\/10\/en-m10114-300x169.png 300w, https:\/\/zawia3.com\/wp-content\/uploads\/2026\/10\/en-m10114-1024x576.png 1024w, https:\/\/zawia3.com\/wp-content\/uploads\/2026\/10\/en-m10114-768x432.png 768w\" sizes=\"(max-width: 1366px) 100vw, 1366px\" \/><figcaption id=\"caption-attachment-19078\" class=\"wp-caption-text\">Evolution of the price of a litre of 80-octane petrol from 2014 to 2024<\/figcaption><\/figure><br \/>\n<div class=\"z3-article-separator\" role=\"separator\" aria-label=\"Section divider\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 140 4269 130\" preserveAspectRatio=\"xMidYMid meet\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M120 211H4149\" fill=\"none\" stroke=\"#7e7e7e\" stroke-width=\"10\"\/><circle cx=\"1718\" cy=\"211\" r=\"56\" fill=\"#fafafa\" stroke=\"#9c9c9c\" stroke-width=\"3\"\/><circle cx=\"1718\" cy=\"202\" r=\"50\" fill=\"#647580\" stroke=\"#4e5962\" stroke-width=\"4\"\/><circle cx=\"1930\" cy=\"211\" r=\"56\" fill=\"#fafafa\" stroke=\"#9c9c9c\" stroke-width=\"3\"\/><circle cx=\"1930\" cy=\"202\" r=\"50\" fill=\"#647580\" stroke=\"#4e5962\" stroke-width=\"4\"\/><circle cx=\"2142\" cy=\"211\" r=\"56\" fill=\"#fafafa\" stroke=\"#9c9c9c\" stroke-width=\"3\"\/><circle cx=\"2142\" cy=\"202\" r=\"50\" fill=\"#647580\" stroke=\"#4e5962\" stroke-width=\"4\"\/><circle cx=\"2354\" cy=\"211\" r=\"56\" fill=\"#fafafa\" stroke=\"#9c9c9c\" stroke-width=\"3\"\/><circle cx=\"2354\" cy=\"202\" r=\"50\" fill=\"#647580\" stroke=\"#4e5962\" stroke-width=\"4\"\/><circle cx=\"2566\" cy=\"211\" r=\"56\" fill=\"#fafafa\" stroke=\"#9c9c9c\" stroke-width=\"3\"\/><circle cx=\"2566\" cy=\"202\" r=\"50\" fill=\"#647580\" stroke=\"#4e5962\" stroke-width=\"4\"\/><\/svg><\/div><\/p>\n<h3>Historical Background of Petrol Price Increases<\/h3>\n<p>These increases are part of the government&#8217;s ongoing strategy to reduce fuel subsidies and balance the state budget. Since 2014, Egypt has seen successive increases in petrol prices, as follows:<\/p>\n<h4>2014: The Start of Subsidy Removal<\/h4>\n<p>In July 2014, the price of a litre of 80-octane petrol rose from EGP 0.90 to EGP 1.60, 92-octane from EGP 1.85 to EGP 2.60, and 95-octane to EGP 6.25.<\/p>\n<h4>2016: The Flotation of the Pound<\/h4>\n<p>In November 2016, the price of 80-octane rose from EGP 1.60 to EGP 2.35 and 92-octane from EGP 2.60 to EGP 3.50, while 95-octane remained at EGP 6.25.<\/p>\n<h4>2017: Successive Increases<\/h4>\n<p>In June 2017, the price of 80-octane rose to EGP 3.65, 92-octane to EGP 5.00, and 95-octane to EGP 6.25.<\/p>\n<h4>2018: The Start of Automatic Pricing<\/h4>\n<p>In 2018, the price of 80-octane rose to EGP 5.50, 92-octane to EGP 6.75, and 95-octane to EGP 7.75.<\/p>\n<h4>2019: Increases Continue<\/h4>\n<p>In 2019, the price of 80-octane rose to EGP 6.75, 92-octane to EGP 8.00, and 95-octane to EGP 9.00.<\/p>\n<h4>2021: Ongoing Increases<\/h4>\n<p>2021 saw two increases in petrol prices:<\/p>\n<ul>\n<li>In April, the price of 80-octane rose to EGP 6.50, 92-octane to EGP 7.75, and 95-octane to EGP 8.75.<\/li>\n<li>In October, the price of 80-octane rose to EGP 7.00, 92-octane to EGP 8.25, and 95-octane to EGP 9.25.<\/li>\n<\/ul>\n<h4>2022: Multiple Changes<\/h4>\n<p>In 2022, petrol prices saw four changes:<\/p>\n<ul>\n<li>In February: 80-octane at EGP 7.25, 92-octane at EGP 8.50, and 95-octane at EGP 9.50.<\/li>\n<li>In April: 80-octane at EGP 7.50, 92-octane at EGP 8.75, and 95-octane at EGP 9.75.<\/li>\n<li>In July: 80-octane at EGP 8.00, 92-octane at EGP 9.25, and 95-octane at EGP 10.75.<\/li>\n<li>In October: 80-octane at EGP 8.00, 92-octane at EGP 9.25, and 95-octane at EGP 10.75.<\/li>\n<\/ul>\n<h4>2023: Continued Increases<\/h4>\n<p>In March 2023:<\/p>\n<ul>\n<li>The price of 80-octane rose to EGP 8.75.<\/li>\n<li>The price of 92-octane rose to EGP 10.25.<\/li>\n<li>The price of 95-octane reached EGP 11.50.<\/li>\n<\/ul>\n<p><figure id=\"attachment_19081\" aria-describedby=\"caption-attachment-19081\" style=\"width: 1366px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-19081 size-full\" src=\"https:\/\/zawia3.com\/wp-content\/uploads\/2026\/10\/en-m10116.png\" alt=\"Price per litre of 92-octane petrol in Egypt, 2014-2024\" width=\"1366\" height=\"768\" srcset=\"https:\/\/zawia3.com\/wp-content\/uploads\/2026\/10\/en-m10116.png 1366w, https:\/\/zawia3.com\/wp-content\/uploads\/2026\/10\/en-m10116-300x169.png 300w, https:\/\/zawia3.com\/wp-content\/uploads\/2026\/10\/en-m10116-1024x576.png 1024w, https:\/\/zawia3.com\/wp-content\/uploads\/2026\/10\/en-m10116-768x432.png 768w\" sizes=\"(max-width: 1366px) 100vw, 1366px\" \/><figcaption id=\"caption-attachment-19081\" class=\"wp-caption-text\">Evolution of the price of a litre of 92-octane petrol from 2014 to 2024<\/figcaption><\/figure><br \/>\n<div class=\"z3-article-separator\" role=\"separator\" aria-label=\"Section divider\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 140 4269 130\" preserveAspectRatio=\"xMidYMid meet\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M120 211H4149\" fill=\"none\" stroke=\"#7e7e7e\" stroke-width=\"10\"\/><circle cx=\"1718\" cy=\"211\" r=\"56\" fill=\"#fafafa\" stroke=\"#9c9c9c\" stroke-width=\"3\"\/><circle cx=\"1718\" cy=\"202\" r=\"50\" fill=\"#647580\" stroke=\"#4e5962\" stroke-width=\"4\"\/><circle cx=\"1930\" cy=\"211\" r=\"56\" fill=\"#fafafa\" stroke=\"#9c9c9c\" stroke-width=\"3\"\/><circle cx=\"1930\" cy=\"202\" r=\"50\" fill=\"#647580\" stroke=\"#4e5962\" stroke-width=\"4\"\/><circle cx=\"2142\" cy=\"211\" r=\"56\" fill=\"#fafafa\" stroke=\"#9c9c9c\" stroke-width=\"3\"\/><circle cx=\"2142\" cy=\"202\" r=\"50\" fill=\"#647580\" stroke=\"#4e5962\" stroke-width=\"4\"\/><circle cx=\"2354\" cy=\"211\" r=\"56\" fill=\"#fafafa\" stroke=\"#9c9c9c\" stroke-width=\"3\"\/><circle cx=\"2354\" cy=\"202\" r=\"50\" fill=\"#647580\" stroke=\"#4e5962\" stroke-width=\"4\"\/><circle cx=\"2566\" cy=\"211\" r=\"56\" fill=\"#fafafa\" stroke=\"#9c9c9c\" stroke-width=\"3\"\/><circle cx=\"2566\" cy=\"202\" r=\"50\" fill=\"#647580\" stroke=\"#4e5962\" stroke-width=\"4\"\/><\/svg><\/div><\/p>\n<h3>Repercussions of Petrol Price Increases<\/h3>\n<p>Petrol price increases lead to higher transport costs for companies and individuals, which is reflected in the prices of goods and services. Citizens suffer from a general rise in the cost of living because of these increases. Low-income groups bear the greatest burden of these increases, as the cost of transport and energy rises, affecting their purchasing power and increasing their financial burdens.<\/p>\n<p>Fuel prices in Egypt are reviewed every 3 months, according to a mechanism based on the price of a barrel of oil on global markets and the movement of the dollar against the pound. Any difference between the price data and what citizens may see on the ground may therefore be due to changes in currency exchange rates against the US dollar on the one hand, and to the gap between the official exchange rate and the market exchange rate on the other.<\/p>\n<p>Egypt is suffering from a deep economic crisis, and the Egyptian government says the measures it is taking, including reducing fuel subsidies, are important to reform the situation. The Egyptian government currently spends billions of dollars subsidising fuel and energy prices for millions of citizens. These subsidies have been criticised by many government officials and economists, including experts at the International Monetary Fund, which recently increased the size of its loan to Egypt.<\/p>\n<p>In its report issued in April, the International Monetary Fund recommended cutting fuel subsidies in Egypt from EGP 331 billion (USD 6.8 billion) in the 2023-2024 fiscal year to EGP 245 billion (USD 5.1 billion) in 2024-2025. Madbouly stressed that Egypt cannot bear the increasing consumption and rising global prices.<\/p>\n<p>Egypt faces an acute economic crisis as a result of a shortage of foreign currency, which pushed the Central Bank of Egypt in March to liberalise the pound&#8217;s exchange rate, causing it to lose a third of its value against the US dollar. This decision was followed by a new agreement with the International Monetary Fund to increase the size of the loan from USD 3 billion to USD 8 billion.<\/p>\n<p>The flow of investment and financing from the UAE, the International Monetary Fund and the European Union has eased Egypt&#8217;s chronic shortage of foreign currency. However, since the end of 2022, the Egyptian currency has lost two thirds of its value, and inflation reached 40% last year, significantly affecting citizens&#8217; lives.<\/p>\n<figure id=\"attachment_19084\" aria-describedby=\"caption-attachment-19084\" style=\"width: 1366px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-19084 size-full\" src=\"https:\/\/zawia3.com\/wp-content\/uploads\/2026\/10\/en-m10118.png\" alt=\"Price per litre of 95-octane petrol in Egypt, 2014-2024\" width=\"1366\" height=\"768\" srcset=\"https:\/\/zawia3.com\/wp-content\/uploads\/2026\/10\/en-m10118.png 1366w, https:\/\/zawia3.com\/wp-content\/uploads\/2026\/10\/en-m10118-300x169.png 300w, https:\/\/zawia3.com\/wp-content\/uploads\/2026\/10\/en-m10118-1024x576.png 1024w, https:\/\/zawia3.com\/wp-content\/uploads\/2026\/10\/en-m10118-768x432.png 768w\" sizes=\"(max-width: 1366px) 100vw, 1366px\" \/><figcaption id=\"caption-attachment-19084\" class=\"wp-caption-text\">Evolution of the price of a litre of 95-octane petrol from 2014 to 2024<\/figcaption><\/figure>\n<p>Sources:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.mof.gov.eg\">Egyptian Government<\/a><\/li>\n<li><a href=\"http:\/\/www.mena.org.eg\">Middle East News Agency<\/a><\/li>\n<li><a href=\"https:\/\/www.cbe.org.eg\">Central Bank of Egypt<\/a><\/li>\n<li><a href=\"https:\/\/www.bloomberg.com\">Asharq Bloomberg<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Petrol prices in Egypt have risen repeatedly from 2014 to 2024 as a result of the economic crisis and the decline in the value of the Egyptian pound.<\/p>\n","protected":false},"author":11,"featured_media":10098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[409],"tags":[19695,10280,19694,9457,19696,19693,18486,19631,19697,19692],"kateb":[710],"class_list":["post-18510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics-en","tag-80-92-95-octane-prices","tag-cost-of-living-egypt","tag-egypt-fuel-subsidies","tag-egyptian-pound-devaluation","tag-fuel-price-history-egypt-2014-to-2024","tag-fuel-price-increase-july-2024","tag-fuel-pricing-committee-egypt","tag-imf-loan-egypt","tag-mostafa-madbouly-fuel-prices","tag-petrol-prices-egypt","kateb-zawia3-com"],"jetpack_featured_media_url":"https:\/\/zawia3.com\/wp-content\/uploads\/2024\/07\/\u0623\u0633\u0639\u0627\u0631-\u0627\u0644\u0628\u0646\u0632\u064a\u0646.png","_links":{"self":[{"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/posts\/18510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/comments?post=18510"}],"version-history":[{"count":4,"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/posts\/18510\/revisions"}],"predecessor-version":[{"id":19086,"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/posts\/18510\/revisions\/19086"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/media\/10098"}],"wp:attachment":[{"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/media?parent=18510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/categories?post=18510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/tags?post=18510"},{"taxonomy":"kateb","embeddable":true,"href":"https:\/\/zawia3.com\/en\/wp-json\/wp\/v2\/kateb?post=18510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}