Egypt announces fuel price hike for Q4

CAIRO, Oct. 18 (Xinhua) -- Egypt on Friday raised fuel prices by two Egyptian pounds (0.04 U.S. dollars) for the fourth quarter of 2024 due to rising production and import costs, the Ministry of Petroleum and Mineral Resources said in a statement.

According to the statement, the Fuel Automatic Pricing Committee adjusted the price of 80-octane gasoline to 13.75 pounds per litter, 92-octane to 15.25 pounds, and 95