Egypt's Fuel Pricing Committee to Meet in Early October Amid Global Market Uncertainty

The Fuel Automatic Pricing Committee (FAPC) in Egypt will meet during the first week of October to review developments in petroleum product prices and determine new prices.

The committee will examine global oil price trends, international and regional variables affecting energy markets, and factors related to the cost of supplying petroleum products before making any decision.

Former Minister of Petroleum Osama Kamal noted that contracts for petroleum products will remain in effect until September 30, meaning there will be no change in prices prior to that date.

Kamal emphasized that setting prices for petroleum products is not a unilateral decision by the Petroleum Ministry, but rather based on a recommendation issued by the pricing committee with the final decision issued by the government.