Egypt raises fuel price by 78%

Posted on 05-07-2014 at 9:24 by sir_smokalot – 14 Comments”

Egypt has a night in one fell swoop, are heavily subsidised fuel prices by tens of porcenten increased. The cheapest gasoline, with an octane number of 80, is 78% more expensive become.

Last month came the North African country already in the news by a call from the president more and more the bike to address. As expected got this little, and so had to make nails with heads are beaten to the great drain that the sponsored fuel on the budget pulls to curb. According to Reuters, based on local resources, within the ministry of Oil, is this from Friday to Saturday at midnight happened.

The price of gasoline with 80 octane increases by 78% to 1,60 pound (EGP, 16 cents) per liter. 92 octane increases by 40% to 2.60 EGP (27 cents) per litre. Diesel goes to 1,80 EGP (18 cents), an increase of 63%. The drivers of CNG (probably 1 or 2 in all of Egypt), are the most the Sjaak, their price increases by 175% to 1.10 EGP (11 cents) per cubic meter.

According to the messages was there at the last moment by those who were aware still quite a gehamsterd at the pump, which is an even busier traffic image than normal in Cairo. The increase comes a year after the brandstoftekorten of June 2013, when it was at the gas stations looked like in the picture above.

The BOVAG Egypt let know in a comment not content, and to fear for the survival of the can in the border region with Sudan. Director Mohamed Al-Burghman denounces the resulting price differences: “you see that everyone in the borders now to Khartoum drive to his tank is full to throw the cigarettes out there are cheaper. This is an undesirable situation, and we are preparing a claim against the Egyptian state to the injury of our can to stories.’

Photo: Proton in Egypt, autojunk.nl