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What will be the percentage increase in fuel prices in Egypt by December 31, 2024?
2
Resolution / Starting Odds
0-5% • 25%
6-10% • 25%
11-15% • 25%
More than 15% • 25%
Official announcements from the Egyptian government or official gazette
Story
Egypt Increases Fuel Prices by Up to 15% Ahead of IMF's $8 Billion Loan Review
Jul 25, 2024, 04:51 AM
Egypt has raised domestic fuel prices by up to 15%, according to the official gazette. This move comes four days before the International Monetary Fund (IMF) conducts a third review of its expanded $8 billion loan program for the country. The price hike is part of a broader strategy to gradually increase petroleum product prices until the end of 2025, as stated by the Prime Minister. This latest adjustment reflects Egypt's ongoing efforts to trim state subsidies following a new agreement with the IMF.
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Similar markets
Below 10% • 25%
10% to 15% • 25%
15% to 20% • 25%
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Increase by 25-50% • 25%
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No significant change • 25%
Decrease by 10% or more • 25%
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Increase by less than 10% • 25%
Increase by 10% or more • 25%
Less than 5% • 25%
5% to 10% • 25%
10% to 20% • 25%
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Below 10% • 25%
10-15% • 25%
15-20% • 25%
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0-2% • 25%
2-5% • 25%
5-10% • 25%
More than 10% • 25%
