The Claps
The Fuel Automatic Pricing Committee (FAPC) decided to raise various types of gasoline prices by EGP 0.25, while fixing the price of diesel till the end of June 2022.
Prices after the increase
- 80 octane = EGP 7.5/liter
- 92 octane = EGP 8.75/liter
- 95 octane = EGP 8.75/liter
The price of diesel remained at EGP 6.75/liter.
Fuel prices are calculated based on the exchange rate of the EGP against the dollar & the average prices of Brent crude, in addition to transportation, customs & import costs. The committee increases or decreases prices by a maximum of 10% or keeps it fixed.
Why this matters
The effect of the Russian-Ukrainian war took its toll on the energy sector, leading to concerns about the impact on fuel prices in Egypt.
