Middle East War: Egypt Increases Fuel Prices by 30%

Egypt has raised domestic fuel prices by up to 30%, citing “exceptional” global energy pressures caused by the ongoing Middle East war, which has disrupted oil supplies and shipping routes.

The petroleum ministry announced that the increases apply to gasoline, diesel, and natural gas used in vehicles, driven by rising risk levels, higher shipping costs, and surging insurance premiums.

Oil prices briefly spiked above $119 per barrel on Monday before retreating to around $84 after US President Donald Trump said the US-Israel conflict with Iran would end soon.

Diesel, Egypt’s most widely used fuel, rose by 17.1% to 20.50 pounds ($0.38) per litre, up from 17.50 pounds.

Prices for 80-octane gasoline climbed 16.9% to 20.75 pounds per litre, while 92-octane gasoline rose 15.6% to 22.25 pounds. 95-octane gasoline increased 14.3% to 24 pounds.

Natural gas for vehicles saw the steepest hike, jumping 30% to 13 pounds per cubic metre, reflecting the broader impact of global supply disruptions.

The government noted this was the fourth fuel price increase in two years, part of an $8bn loan programme with the International Monetary Fund (IMF). An earlier hike in October 2025 of up to 13% had been expected to be the last under the plan.

Analysts warn that the latest adjustment will add pressure on households and businesses, underscoring Egypt’s vulnerability to global energy shocks amid regional instability.

AFP