The Egyptian Petroleum Products Automatic Pricing Committee recommended at its meeting held at the end of June to amend prices in the local market for the quarter of July/September 2022.
The committee follows up and implements the involuntary pricing for petroleum products on a quarterly basis,
The selling price of Octane products of all three types has been modified as of 9:00 am on Wednesday morning: LE 8.00 per liter of Octane 80, LE9.25 per liter of Octane 92, and LE 10.75 per liter of Octane 95, as well as an increase in the price of diesel and kerosene to LE 7.25/ liter.
The price of a ton of Mazut supplied to the rest of the industries increased by LE 400/ton to become LE5000/ton, and the price of diesel supplied to the food and electricity industries was stable.
The Minister of Local Development, Mahmoud Shaarawy, said that the new increase in the ride tariff for means of transportation internally and between the governorates will be between five percent and seven percent on all internal and external lines in the governorate and between governorates.
He added that the new tariffs will be announced on Wednesday morning, with a list show in signs in all transport stations in a clear manner.
Shaarawy also ordered that the Public Transport Authority in Cairo and Alexandria ensure that the increase in the ride tariff is commensurate with the increase in fuel prices, pointing out that the increase in the ticket price will not exceed 50 piasters.
The minister directed governors to inspect the transport stations and gas stations to ensure the regularity of work and non-exploitation of citizens.
And he instructed the governors to intensify campaigns at gas stations to counter any attempts to monopolize petroleum products after increasing prices or exploiting citizens in any way.