How Egypt promotes its fuel price increase
An Egyptian government advertising campaign paves the way for a fuel price increase for the fifth time since President Abdel Fattah al-Sisi took power — but is this in the citizens’ best interest?
CAIRO — The Egyptian government announced July 5 an increase ranging between 16% and 30% of the price of fuel and petroleum products. This is the fifth increase in fuel prices since 2014, as part of what the government calls reforming the energy subsidies system.
The price of gasoline 92 octane rose by 18.5% to 8 Egyptian pounds ($0.50) per liter, gasoline 80 octane rose by around 22.7% to 6.75 pounds ($0.40) per liter, gasoline 95 octane rose by 16.1% to 9 pounds ($0.54) per liter and the price of diesel and kerosene rose to 6.75 pounds per liter at a rate of about 22.7%.
