Egypt Raises Fuel Prices By 30% - Foreign Affairs

Egypt Raises Fuel Prices By 30% - Foreign Affairs - Nairaland

Nairaland Forum › Nairaland General › Politics › Foreign Affairs › Egypt Raises Fuel Prices By 30% (8374 Views)

Egypt Raises Fuel Prices By 30% by chopnaira(op): 2:24pm On Mar 10

Egypt raised domestic fuel prices by up to 30 per cent on Tuesday, blaming “exceptional” global energy pressures caused by the Middle East war, which has disrupted oil supplies and shipping routes.

The increases, announced by the petroleum ministry, apply to gasoline, diesel and natural gas used in vehicles.

In a statement, the ministry said the adjustments were driven by “disruptions in supply chains, rising risk levels and higher maritime shipping and insurance costs”, which have pushed petroleum product prices to “levels not seen in years”.

Oil prices briefly surged above $119 a barrel on Monday before plunging to around $84 after US President Donald Trump said the US-Israel war with Iran would end soon.

Diesel, one of Egypt’s most widely used fuels, rose by three Egyptian pounds, or about 17.1 percent, to 20.50 pounds ($0.38) per litre, up from 17.50 pounds.

Prices for 80-octane gasoline rose by about 16.9 percent, to 20.75 pounds per litre, while 92-octane gasoline increased by roughly 15.6 per cent to 22.25 pounds.

Prices for 95-octane climbed by about 14.3 per cent to 24 pounds, the ministry said.

Natural gas used for vehicles saw the largest hike, jumping 30 per cent to 13 pounds per cubic metre.

Egypt has raised fuel prices four times over the past two years under an $8 billion loan programme from the International Monetary Fund.

An October increase of up to 13 per cent was expected to be the last under the plan.

AFP

https://punchng.com/egypt-raises-fuel-prices-by-30/

9 Likes 1 Share

Re: Egypt Raises Fuel Prices By 30% by IsraeliAIRFORCE: 5:38pm On Mar 10

And Nigeria raised theirs by 62%

From N830 to N1,350. That's additional N520

Calculate 520/830*100

23 Likes 1 Share

Re: Egypt Raises Fuel Prices By 30% by Oakenshield: 5:39pm On Mar 10

Dangote go vex increase to 2000

2 Likes 1 Share

Re: Egypt Raises Fuel Prices By 30% by sleemoon(m): 5:39pm On Mar 10

This is just the beginning....

Iran are not attacking 100% due to Ongoing Ramadan...
Make Ramadan finish and see action movie..

18 Likes

Re: Egypt Raises Fuel Prices By 30% by ceejay80s(m): 5:40pm On Mar 10

Nairaland saboteurs,
So to make Nigerians feel they were wrong bout dangote and tinubu
Why was fuel price not increased during Iran and Iraq war when we had military rule

5 Likes

Re: Egypt Raises Fuel Prices By 30% by Sheuns(m): 5:42pm On Mar 10

When will you all post USA, Algeria, Saudi Arabia etc price increase?

Since you all want to justify the failure of the government.

25 Likes 2 Shares

Re: Egypt Raises Fuel Prices By 30% by fijiano202(m): 5:43pm On Mar 10

The issue now is both Countries(isreal/US vs Iran) are targeting each others Fuel tanks ...

This War is a great mistake

5 Likes 1 Share

Re: Egypt Raises Fuel Prices By 30% by naptu2: 5:43pm On Mar 10

ceejay80s:
Nairaland saboteurs,
So to make Nigerians feel they were wrong bout dangote ,
Why was fuel price not increased during Iran and Iraq war when we had military rule?

Fuel price was increased during Iran-Iraq War when we had military rule.

Haven't you heard of SAP Riot?

18 Likes 1 Share

Re: Egypt Raises Fuel Prices By 30% by IsraeliAIRFORCE: 5:47pm On Mar 10

sleemoon:
This is just the beginning....

Iran is not attacking 100% due to the ongoing Ramadan...
Make Ramadan finish and see action movie..

Iranians are seeing the Israeli bombers and jets from their rooftops and are confident that the civilians aren't under attack, while Iran is just throwing missiles here and there in densely populated civilian areas hoping for a hit. That's how we know the bad guys. Should Israel and the USA start targeting every structure and person in Iran, the world would start shouting genocide. Islamists and their supporters are weird.

17 Likes 1 Share

Re: Egypt Raises Fuel Prices By 30% by anonimi: 5:47pm On Mar 10

IsraeliAIRFORCE:
And Nigeria raised theirs by 62%

From N830 to N1,350. That additional N520

Calculate 520/830*100

Something that was NEVER supposed to go above N70 according to A-looter Propaganda Conmen, APC progreThieves.

How much do you estimate that we are being forced to pay All Promises Cancelled, APC wicked leaders as subsidy for their massive corruption in our oil industry huh

anonimi:
Petrol should never cost more than N70 per litre, says APC

January 19, 2015

The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.

On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.

But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.

It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.

https://www.thecable.ng/petrol-never-cost-n70-per-litre-says-apc/

2 Likes 1 Share

Re: Egypt Raises Fuel Prices By 30% by ceejay80s(m): 5:48pm On Mar 10

naptu2:
Fuel price was increased during Iran-Iraq War when we had military rule.

Haven't you heard of SAP Riot?

naptu2 u dey dey block me every second,
Anyways I forgive u but won't forgive tinubu and dangote
back to topic,
If u know how many times I don baff cos of heat today, 17times and still counting,
I am tired and frustrated with the light issue which is part of the fuel problem,
My ac compressor died last week Tuesday, with their usual low current, I almost ran mad,
I cant wait for tomorrow make I go office go on ac

Re: Egypt Raises Fuel Prices By 30% by DeLaRue: 5:48pm On Mar 10

At least it took several days after the war started before Egypt raised its petrol price.

What I don't understand is why Dangote refinery straight away increased prices shortly after the war started.

Why did the company raise prices immediately despit the fact it had fuel in in storage when the war started huh

What would it cost to let Nigerians continue to buy what was already in storage at the old price.

Re: Egypt Raises Fuel Prices By 30% by fijiano202(m): 5:48pm On Mar 10

We all knew this Would happen... As long as Dangote and others buy with international prices .. all countries around the war would feel the War Impact

Re: Egypt Raises Fuel Prices By 30% by Nobody: 5:49pm On Mar 10

Abi na tinubu increase Egypt fuel price grin

.

No go hustle wella

Stay for nairaland and be blaming tinubu

Re: Egypt Raises Fuel Prices By 30% by Akujuriobi: 5:49pm On Mar 10

Lie. Go to Egypt news to get the truth. Propoganda.

4 Likes 1 Share

Re: Egypt Raises Fuel Prices By 30% by anonimi: 5:50pm On Mar 10

Sheuns:
When will you all post USA, Algeria, Saudi Arabia etc price increase?

Since you all want to justify the failure of the government.

I tire o.

Why are we always so desperate to show our Mumu-li credentials for all to see huh

https://www.youtube.com/watch?v=dMWUS1W_ITc?si=YSn52YrZMNmpeqjy

1 Like 1 Share

Re: Egypt Raises Fuel Prices By 30% by PulaPower: 5:50pm On Mar 10

No problem..

According to White House calamity, no price is too much to pay for peace..

2 Likes

Re: Egypt Raises Fuel Prices By 30% by ceejay80s(m): 5:53pm On Mar 10

naptu2:
Fuel price was increased during Iran-Iraq War when we had military rule.

Haven't you heard of SAP Riot?

Why is there no riot now.
I want ur leaders to feel our pain, u know how many hard earned cooked soup I don throw away because no light for refrigerator?
We need to make them feel what we too feel , if not, dem no send us

Re: Egypt Raises Fuel Prices By 30% by anonimi: 5:53pm On Mar 10

Ayomid3h:
Abi na tinubu increase Egypt fuel price .

No go hustle wella

Stay for nairaland and be blaming tinubu

Do you know if residents of posh areas of Cairo drink water from shitty boreholes because they ALLOW governors to steal their trillions budget annually instead of employing workers to make pipe borne water available for everyone huh

https://www.youtube.com/watch?v=g5v-F81hNTs

Re: Egypt Raises Fuel Prices By 30% by Izuchukwu70: 5:54pm On Mar 10

Sheuns:
When will you all post USA, Algeria, Saudi Arabia etc price increase?

Since you all want to justify the failure of the government.

I just bought 8 dollars per gallon in America. That's almost 100% increase. It varies in different states tho.

7 Likes

Re: Egypt Raises Fuel Prices By 30% by Sccarrr(m): 5:54pm On Mar 10

Trump the antichrist and Israel don finally scatter the world😤

1 Like

Re: Egypt Raises Fuel Prices By 30% by laivwire(m): 5:59pm On Mar 10

Data boys again. Always defending nonsense with propaganda

2 Likes

Re: Egypt Raises Fuel Prices By 30% by jmoore(m): 5:59pm On Mar 10

These Tinubu supporters living in exile will never create a topic that Fgypt generates more than 30,000 megawatts of electricity. While Nigeria is struggling with 5,000 megawatts.

1 Like

Re: Egypt Raises Fuel Prices By 30% by chopnaira(op): 6:00pm On Mar 10

Sheuns:
When will you all post USA, Algeria, Saudi Arabia etc price increase?

Since you all want to justify the failure of the government.

No one is justifying any failure. The news is the news and it does not care about feelings.

Sister, wetin happen? pic.twitter.com/IxBqBU6qtK
— Taiwo_Ajakaye (@dmightyangel) March 10, 2026

2 Likes

Re: Egypt Raises Fuel Prices By 30% by Keme4Real(f): 6:00pm On Mar 10

Nigeria own na by how many percent?

Re: Egypt Raises Fuel Prices By 30% by PulaPower: 6:00pm On Mar 10

Izuchukwu70:
I just bought 8 dollars per gallon in America. That's almost 100% increase. It varies in different states tho.

It’s 9$ in some states..

Americans talked about it yesterday..

2 Likes

Re: Egypt Raises Fuel Prices By 30% by naptu2: 6:00pm On Mar 10

Simple fact.

The Iran-Iraq War ran from 1980 till August 1988. During that time there were many riots over fule scarcity and petrol price, most prominent of which was the 1988 SAP riot.

That's fact.

ceejay80s was wrong and instead of admitting that he was wrong he has started telling us stories, which explains why I usually block him (and I will block him again now).

3 Likes

Re: Egypt Raises Fuel Prices By 30% by chopnaira(op): 6:01pm On Mar 10

PulaPower:
It’s 9$ in some states..

Americans talked about it yesterday..

Yes. In LA. Its generally hovering around $9.

2 Likes

Re: Egypt Raises Fuel Prices By 30% by success1smyn(m): 6:01pm On Mar 10

sleemoon:
This is just the beginning....

Iran are not attacking 100% due to Ongoing Ramadan...
Make Ramadan finish and see action movie..

Hey you seriously believe Iran can beat the US?

I doubt anyone will believe that

Re: Egypt Raises Fuel Prices By 30% by chopnaira(op): 6:01pm On Mar 10

Akujuriobi:
Lie. Go to Egypt news to get the truth. Propoganda.

Its from AFP then culled by the punch.

Egyptian website below.

https://english.aawsat.com/business/5249515-egypt-raises-fuel-prices-30-percent

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