Economy representatives give good news about gasoline prices in Egypt



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Hassan Al-Sayed, a member of the House Committee on Economic Affairs, said the committee on automatic pricing of petroleum products, which is in charge of reviewing and setting the selling prices of some petroleum products, is will take place over the next few days to determine the price of the products.
Al-Sayed expected, in a statement to “Echo of the Country”, that there would be no increases in the new price, based on the stability of the price of a barrel of oil during the past period, and also the stability of the dollar exchange rate. , with consumption ratios that remain stable in the recent falls, which does not appear on the horizon. The horizon does not need to compensate a price difference for the current price.

A member of the House of Representatives confirmed that the infection of the president of the United States with the Coronavirus will not affect oil prices permanently and he is now subject to treatment and continues his work.

It is expected that Announces the Council of Ministers represented by the Ministry of Petroleum and Mineral Resources, About New gas price In Egypt, in accordance with the decision of the fifth meeting of the Committee on Automatic Prices of petroleum products, which is in charge of reviewing and determining the sales prices of some petroleum products on a quarterly basis and applying the announced price equation.

Changes in the price of gasoline in Egypt

The Price Committee for the Prices of New Petroleum Products in Egypt approved 4 previous stations, the first of which was in October 2019, which was the decision at that time to reduce the price of gasoline in Egypt by 25 piastres, and also to reduce the price of diesel by the same value before going through the second station in January 2020, which witnessed price stabilization, then In the third station in April 2020, the price of gasoline decreased by 25 piastres, while the fourth season in July 2020 witnessed a price stabilization.

During the last meeting, the committee reviewed the world average crude prices and the exchange rate for the last March / June 2020 compared to the period January / March 2020, taking into account that the price equation and the declared criteria for committee work require price adjustments up and down with a maximum of 10% just to protect consumers and the state budget in Both



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