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Egypt cuts fuel per-litre prices by 25 piasters

Egypt cuts fuel per-litre prices by 25 piasters
80-octane was priced at EGP 6.5 per litre

Cairo – Mubasher: Egypt's Fuel Automatic Pricing Committee has cut gasoline prices in the local market by 25 piasters per litre, starting Friday, at 12 am, according to Ahram Online.

The new per-litre prices of 80-octane, 92-octane, and 95-octane gasoline were reduced to EGP 6.5, EGP 7.75, and EGP 8.75, respectively.

The price of industrial-use mazut was decreased by EGP 250 per tonne to reach EGP 4,250.

The price cut resulted from the decline in Brent oil barrel prices to $62 between July and September, the pricing committee said.