Egypt’s Ministry of Petroleum and Mineral Resources announced an increase in fuel prices for the fourth quarter of 2024, effective from Friday.

The decision, issued by the Fuel Automatic Pricing Committee (FAPC), is part of an initiative to “ensure the availability of petroleum products, regulate market performance according to established pricing mechanisms, and reduce the gap between selling prices of petroleum products and their high production and import costs,” the Ministry said in a statement.

The adjustments will see 95-octane gasoline rise to LE 17 from LE 15, 92-octane gasoline rise to LE 15.25 from LE 13.75, 80-octane gasoline rise to LE 13.75 from LE 12.25, and diesel prices rise to LE 13.50 from LE 11.50.

This marks the third fuel price increase this year, following adjustments in March and July.

Source: Qatar News Agency