Egypt Daily News – The Egyptian Ministry of Petroleum announced the new prices for gasoline and petroleum derivatives, which came into effect on the morning of Friday, April 11.
The new prices, announced by the Ministry in a post on its Facebook page, are as follows:
- Gasoline 95 octane: 19 EGP per liter
- Gasoline 92 octane: 17.25 EGP per liter
- Gasoline 80 octane: 15.75 EGP per liter
- Diesel: 15.5 EGP per liter
- Kerosene: 15.5 EGP per liter
- Fuel oil supplied to other industries: 10,500 EGP per ton
- Household butane gas cylinder (12.5 kg): 200 EGP
- Butane gas cylinder (larger): 400 EGP
The Ministry of Petroleum said: “In light of the newly announced petroleum product prices, which come into effect starting Friday, April 11, 2025 at 6:00 AM, it is worth noting that despite the recent price increases, a price gap still exists between the cost and the selling price.
This is due to the significant rise in costs, which have not yet been fully absorbed by the price increases. As part of the state’s commitment to considering the social impact and easing the burden on citizens, most of the subsidies are directed towards diesel, butane, and 80/92 octane gasoline in order to reduce the financial pressure on citizens.
The state imports approximately 40% of the diesel it consumes, 50% of the butane gas, and 25% of the gasoline. As a result, the daily subsidy borne by the state due to the gap between the announced prices and the actual cost of diesel, gasoline, and butane gas amounts to about 366 million EGP per day, which equals about 11 billion EGP monthly.”
“Although the price of Brent crude and global oil prices have recently declined, this has only led to a slight decrease in the cost of a liter of diesel by about 40 piastres. Therefore, the gap between the selling price and actual cost remains, especially considering market expectations for the coming period amid ongoing geopolitical and economic instability, as well as developments in production, transportation, and import costs.”
“It is worth mentioning that the last price adjustment decision was on 18/10/2024 (six months ago) to help ease the burden on citizens. The current prices will not be reviewed for another six months. On the other hand, as part of the first pillar of the Ministry of Petroleum and Mineral Resources’ strategy to ensure stable supplies of petroleum products to the local market, the ministry continues its ongoing efforts to increase local production and offer several incentive packages to production partners in order to maximize domestic output and reduce import bills and the total cost of products.”
