Egypt again raises fuel prices

The price of Brent crude oil actually recently fell to its lowest point in several months.
Egyptian workers wait for clients at a petrol station on July 5, 2014, in Cairo as the government drastically raised fuel prices to tackle a bloated subsidy system.
Egyptian workers wait for clients at a petrol station on July 5, 2014, in Cairo as the government drastically raised fuel prices to tackle a bloated subsidy system. - MAHMOUD KHALED/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

Egypt slightly raised fuel prices today as energy prices remain high across the region. 

Egypt’s Fuel Automatic Pricing Committee met today for its quarterly meeting. They raised the price of several octanes of fuel by 0.50 Egyptian pounds ($0.03). The prices are now as follows, according to Egypt’s Ministry of Petroleum and Mineral Resources:

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