Egypt : Government hikes fuel prices by up to 66.7% | MadaMasr
▻https://www.madamasr.com/en/2018/06/16/news/economy/government-hikes-fuel-prices-by-up-to-66-7
The government raised fuel prices at 9 am on Saturday morning by as much as 66.67 percent, according to Saturday’s edition of the Official Gazette. The move comes as part of the 2016 structural readjustment program agreed on with the International Monetary Fund (IMF) and amid rising international oil prices.
Among the hikes introduced on Saturday morning, the second largest increases were levied on diesel and 80 octane fuel prices, which are used in microbuses and trucks. This will have a pronounced impact on low-income groups and overall inflation levels.
The greatest increase comes with the rise in prices of LPG cylinders used in households and some commercial outlets as an alternative to gas. The price of 95 octane and 92 octane fuel — used by private car owners — saw the lowest increase.