Egypt increased fuel prices for the first time in 2025, lifting rates by up to nearly 15%, local media reported Friday.
The move comes as part of Cairo’s pledge to reduce fuel subsidies under an $8 billion support package agreed with the International Monetary Fund.
The hike, ranging between 11.76% and 14.81%, affects a wide variety of fuel products used daily by millions across the country.
Diesel prices rose by 2 Egyptian pounds, reaching 15.50 pounds per litre, while gasoline prices jumped across all octane levels.
The cost of 80 octane gasoline climbed to 15.75 pounds, 92 octane reached 17.25 pounds, and 95 octane increased to 19 pounds per litre.
This adjustment follows the IMF’s recent release of $1.2 billion in aid after completing the fourth review of Egypt’s loan program.
Since 2016, Egypt has relied on consecutive IMF programs, beginning with a $12 billion agreement to stabilize its economy post-Arab Spring.
In exchange, the government has gradually scaled back subsidies on essentials like fuel, food, and electricity, while expanding welfare programs.
The IMF stated in March that Egypt must achieve full cost recovery on energy subsidies by December to narrow its current account deficit.
The fuel hike is expected to ripple through the economy, potentially raising transport and food costs and placing new pressure on households.
Still, officials argue the reforms are vital to restoring investor confidence and steering the country toward long-term financial sustainability.
