The automatic pricing committee for petroleum products, concerned with reviewing and fixing the selling prices of some petroleum products on a quarterly basis and applying the announced price equation, met the committee reviewed the global crude price averages and the exchange rate for the period January - March 2020 compared to the period October - December 2019, taking into account that the price equation According to the published standards of the committee’s work, prices are adjusted up and down with a maximum of only 10%, to protect consumers and the state’s budget alike, according to what was published in the Egyptian newspaper, Al-Ahram.
In light of the unprecedented exceptional circumstances experienced by the global oil markets as well as the global and local economic conditions as a result of the emerging Corona virus crisis, and with the expectation that the sharp decline in world oil prices will not continue, it was decided to spare part of the savings achieved from cost reduction to meet the expected rise in cost during The coming period as well as facing the increasing burden of facing the consequences of the Corona crisis.
Accordingly, it was decided to amend the price of selling all kinds of gasoline to the final consumer as follows: - Gasoline 95 8.50 pounds (dirham equals 4.25 pounds) per liter
Gasoline 92 at 7.50 pounds per liter
Gasoline 80 at 6.25 pounds per liter
It was also decided to amend the diesel price of the industry to 3900 pounds per ton.
As of 8 am on Saturday, April 11, 2020, with the remainder and unchanging the rest of the prices of petroleum products.