Egypt Denies Fuel Price Hike, Citing No Official Decision

The Ministry of Petroleum and Mineral Resources in Egypt has denied reports of a fuel price hike, stating that prices circulating online are inaccurate.

The ministry claimed that the Automatic Fuel Pricing Committee has not convened to date and has issued no decision or recommendation on changing fuel prices.

This announcement comes after an informed source previously revealed plans for a new increase in retail fuel prices, citing volatile global oil prices and regional tensions as key drivers.