Egypt Increases Fuel Prices Amid Volatility in Global Energy Markets

Egypt has announced a new increase in fuel prices, attributing the adjustment to exceptional conditions in international energy markets, according to the Ministry of Petroleum and Mineral Resources.

Under the revised pricing, the cost of 95 octane petrol rose by about 14.3 percent to EGP 24.00 per litre, while 92 octane petrol increased by approximately 15.6 percent to EGP 22.25 per litre. The price of 80 octane petrol also climbed by around 16.9 percent to EGP 20.75 per litre.

Diesel prices were raised by roughly 17.1 percent to EGP 20.50 per litre, while compressed natural gas used by vehicles increased by about 30 percent to EGP 13 per cubic metre.

The price of a 12.5 kilogram domestic LPG cylinder rose by about 22.2 percent to EGP 275, while a 25 kilogram commercial LPG cylinder increased by the same percentage to EGP 550.

The ministry explained that escalating geopolitical tensions in the Middle East have significantly affected global energy markets, driving up the costs of both imported fuel and domestic production.

According to the statement, disruptions in supply chains, higher risk levels, and rising maritime transport and insurance costs have pushed global crude oil and petroleum product prices to levels not seen in several years.

Oil markets have experienced sharp fluctuations since tensions between Israel and Iran intensified following the launch of Operation Epic Fury on February 28, 2026. During that period, Brent crude rose from about 72 dollars per barrel to a peak of 119.50 dollars on March 9 before easing to around 94 dollars per barrel the following day after signs of possible de escalation.

The government said it is working to strengthen domestic energy security by boosting local production and accelerating exploration and development of oil and gas resources. Authorities are also encouraging investment partners to expand their activities as part of efforts to reduce the country’s dependence on imports.

Officials added that the government will continue to closely monitor developments in the global market to ensure stable supplies of petroleum products and natural gas for households and the wider economy.

The latest adjustment follows previous fuel price increases introduced in April and October last year as part of Egypt’s programme to gradually remove fuel subsidies under its economic reform agreement with the International Monetary Fund. Authorities had earlier indicated that fuel prices would remain unchanged for at least one year after the October adjustment.