Gasoline Prices Cut by 25 Piasters per Liter in Egypt

Source: www.oilegypt.com 4/11/2020, Location: Africa

Egypt's Fuel Automatic Pricing Committee reduced the price of gasoline in the local market by 25 piasters per liter, the Petroleum Ministry announced in a statement on Friday 10/04/2020.

The new prices will take into effect as of Saturday at 8.00 a.m, the statement added.

The committee, tasked with revising fuel prices on quarterly basis, set the new prices per liter as follows: EGP 6.25 for 80-octane gasoline, EGP 7.50 for 92-octane gasoline and EGP 8.50 for 95-octane gasoline, the statement noted.

The committee attributed the decision to the sharp drop in oil prices in global markets, in addition to the outbreak of the novel coronavirus, the statement read.

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