Egypt raises prices of a wide range of fuel products. Price of diesel rose to 10 pounds from 8.25 pounds.
The price of a cooking gas cylinder for 100 pounds is from 75 pounds. In a letter of intent signed in November 2022, Egypt said it would allow the prices of most fuel products to rise. It pledged to make up for a slowdown in such increases over the previous year, but then raised prices only once in March 2023. Inflation in Egypt recorded unprecedented levels in 2023, as prices jumped 33.7%.