The Clap
The Petroleum Pricing Committee increased the price of petroleum products by 0.50 pounds, except for gasoline 95, which jumped EGP 1.
Prices after the increase are as follows:
-Gasoline 80 = EGP 8/liter
-Gasoline 92 = EGP 9.25/liter
-Gasoline 95 = EGP 10.75/liter
The committee also increased the price of diesel for the first time in 11 decisions, to reach EGP 7.25/liter.
Why this Matters
It is expected that the increase in the price of diesel will affect many sectors, due to the reliance on it in mass transportation, shipping food and beverages, and operating agricultural machinery.
Gasoline prices increase
