Egypt’s fuel prices may increase by 10-15%: Official
Fuel station- Reuters The Head of the General Division for Petroleum Products at the Federation of Egyptian Chambers of Commerce (FEDCOC), Hassan Nasr, predicted a 10–15 percent increase in gasoline and diesel prices in the coming period.
The division head noted that the state bears a heavy financial burden due to fuel subsidies, emphasizing the substantial cost involved, while also taking citizens’ socioeconomic circumstances into account when making decisions to adjust fuel prices.
He also noted that maintaining current price levels would place a heavier burden on the state due to continued subsidies on petroleum products.
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