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Forty percent increase in gasoline prices in Egypt

Source: www.oilegypt.com 2/3/2005, Location: Africa

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Cairo, 3 Feb. 2005, 90 octane Gasoline is no longer available in gas stations in Egypt starting from today. Gasoline 90 price was fixed around 1.00 LE (17 Cents) per liter for many years. Egyptians consumers are used to this pricing level despite its high value compared to the average income in Egypt. Gasoline 92 is the only choice available right now to Egyptian consumers at LE 1.40 (24 cent) per liter.

The Egyptian government was forced to apply this 40% increase, which in a way is justified by slightly higher octane not required by the most of Egyptian Consumers in order to cope with the continuous increase of the oil prices worldwide.


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