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Egypt has implemented its second fuel price increase of 2025 as part of efforts to reduce subsidies and narrow its widening budget deficit, according to the country’s official gazette.
The new price hikes, ranging from 10.5% to 12.9%, follow an earlier rise of nearly 15% in April.
The Ministry of Petroleum confirmed that domestic fuel prices will now be frozen for at least a year following this adjustment, citing ongoing local, regional, and international economic challenges.
Officials stated that Egypt’s oil sector will maintain full refinery operations, continue settling debts to foreign partners, and introduce new incentives to enhance production and minimise import costs.
Diesel—one of the most widely used fuels in the country—has risen by 2 Egyptian pounds to 17.50 pounds per litre, up from 15.50. Petrol prices have also increased, with 80 octane now at 17.75 pounds, 92 octane at 19.25, and 95 octane at 21 pounds per litre.
The government remains committed to phasing out energy subsidies and aligning domestic prices with actual costs by December, as part of broader fiscal reforms recommended by the International Monetary Fund (IMF).
The IMF, which approved an $8 billion loan for Egypt, has urged subsidy cuts on fuel, electricity, and food while expanding social protection schemes.
According to the central bank, Egypt’s current account deficit reached $2.2 billion in the second quarter, with petroleum imports rising to $500 million compared to $400 million last year.
