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An official source from the General Petroleum Authority confirmed that the committee for automatic prices of petroleum products, which is in charge of reviewing and determining the sale prices of some petroleum products on a quarterly basis, began its meeting to set the quarterly prices of petroleum products. (January, March), to be announced in early January.
An official source within the General Petroleum Authority added, in private statements, that fuel prices are evaluated according to the dollar exchange rate and international oil prices, Brent crude during the last three months, in addition to calculating the value of transportation, refining and other charges.
The source said that the previous prices are expected to be fixed or slightly increased, not exceeding 25 piastres, referring that the direction of the committee on the rise will be due to the rise in the price of Brent crude, which in the recent period oscillated 50 dollars per barrel compared to the last quarter, when the price per barrel reached 40 dollars per barrel. the only.
The Automatic Petroleum Prices Committee, which is in charge of reviewing and determining the sale prices of some petroleum products on a quarterly basis, at its last meeting held after the end of last September, decided to set the sale price of the three types of gasoline products in the local market during the period from October to December.
New gasoline and diesel prices are expected
One liter of gasoline 80: 6.25 pounds
One liter of 92 gasoline: 7.50 pounds
One liter of 95 gasoline: 8.50 pounds
One liter of solar energy: 6.75 pounds
One ton of diesel for non-electricity and bakeries: 3,900 pounds
The year 2020 witnessed a stabilization of the prices of petroleum products most of the time, although they fell in the annual quarter (April, June), so that the world witnessed from the new Corona virus pandemic, which caused a ban in all countries, which caused a decrease in demand for products. And low prices.
“January, March” installed
At the beginning of the year, the Committee for Automatic Prices of Petroleum Products decided to set the sale price of petroleum products for the quarterly quarter (January and March), in addition to which the gasoline of the three types in the local market would become as follows: 80 gasoline at 6.5 pounds, 92 gasoline at 7.75 pounds, 95 gasoline at 8.75 pounds, and diesel priced at 6.75 pounds.
Reduction ‘April, June’
The government announced a reduction in gasoline prices of all kinds for the quarter (April and June). According to the new prices approved by the government, the price of gasoline 80 dropped to 6.25 per liter, instead of 6.5 pounds, and from 92 to 7.50 a liter instead of 7.75 pounds, and from 95 to 8.5 liters, instead of 8.75. fairy.
These prices were set after a meeting of the Automatic Fuel Prices Committee, which is in charge of reviewing global changes and adjusting prices periodically every 3 months, up or down within 10% of current prices, and maintain them without changes.
“July, September” installed
The Committee on Automatic Prices of Petroleum Products, which is in charge of monitoring and implementing the mechanisms to implement the automatic price of petroleum products on a quarterly basis, decided to set the prices in force in the local market for the July / September quarter.
The sale price of petroleum products of the three types was maintained: 25.6 pounds per liter, gasoline 80 and 50. 7 pounds per liter of gasoline 92 and 50. 8 pounds per liter of gasoline 95 and the diesel selling price 75.6 pounds per liter.
“October, December” prove
For the third time during the year, the Committee for Automatic Pricing of Petroleum Products, which is in charge of monitoring and implementing mechanisms to implement the automatic pricing of petroleum products on a quarterly basis, decided to set the prices in force in the local market for the quarter “October, December”.
The sale price of petroleum products of the three types was maintained: 25.6 pounds per liter, gasoline 80 and 50. 7 pounds per liter of gasoline 92 and 50. 8 pounds per liter of gasoline 95 and the diesel selling price £ 75.6 per liter.
