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Egypt petroleum refining and fuel price management

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2026-10-04 10:44 UTC → 2026-10-12 20:46 UTC · added ~~removed~~

Egypt continues to implement strategic measures to manage its petroleum sector and energy security. The Ministry of Petroleum and Mineral Resources has prioritized increasing domestic refining capacity to lower the national import bill, with the Alexandria National Refining and Petrochemicals Company (ANRPC) meeting over 30% of domestic demand for high-octane gasoline. Following price adjustments in September 2026, fuel rates stabilized with Gasoline 95 at 24 EGP, Gasoline 92 at 22.25 EGP, and Gasoline 80 at 20.75 EGP per liter. Diesel is priced at 20.50 EGP per liter, and automotive gas ranges from 10 to 13 EGP per cubic meter. Cooking gas prices were set at 275 EGP for a 12.5 kg domestic cylinder and 550 EGP for a 25 kg commercial cylinder. Prime Minister Madbouly noted that the government aims to “minimize the burden on citizens” despite global oil price fluctuations. He clarified that the automatic pricing mechanism will return to a three-month review cycle starting from the first quarter of the new fiscal year to evaluate prices based on global averages and production costs. In early October, the Ministry of Petroleum and Mineral Resources issued a categorical denial regarding rumors circulating on social media about upcoming fuel price hikes. The Ministry emphasized that the pricing committee has not yet met and that current rates remain in effect. Additionally, the Ministry addressed rumors of butane cylinder shortages, confirming that the supply system is operating normally, refineries are at full capacity, and liquid gas reserves are sufficient for regular distribution. By mid-October, discussions regarding potential hikes intensified. Hassan Nasr, head of the Petroleum Products Division at the Federation of Egyptian Chambers of Commerce, indicated an increase might be expected, with estimates suggesting a rise of between 10% and 15%, noting that current prices increase the state’s subsidy burden.

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