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Market
Will Egypt increase fuel prices again by December 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
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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Yes • 50%
No • 50%
Increase by more than 50% • 25%
Increase by 25-50% • 25%
Increase by less than 25% • 25%
No significant change • 25%
Below 10% • 25%
10% to 15% • 25%
15% to 20% • 25%
Above 20% • 25%
VAT remains at 16% • 25%
VAT increased • 25%
VAT decreased • 25%
VAT removed • 25%