Fuel trade head expects petrol and diesel to rise 10% to 15%

Hassan Nasr, head of the petroleum materials division at the Federation of Chambers of Commerce, expects petrol and diesel prices to rise. He puts the rise between 10% and 15%.

He summed it up in one line: "The rise is coming." He said talk of an increase has gone on for about two months. Keeping prices fixed means the state carries extra subsidy costs, he added. He expects the automatic pricing committee to meet in October.

Where things stand

The committee has not met so far. It has issued no decision or recommendation on moving fuel prices. Current prices stay as they are.

On 23 September, a source at the Petroleum Ministry said the committee was preparing to meet by the end of the first quarter of the 2026-2027 fiscal year. That meant the end of September 2026. The meeting was meant to review oil prices, the exchange rate and other factors that affect fuel costs. Any move on prices would be discussed at the second-quarter meeting of the 2026-2027 fiscal year, based on average oil prices and the exchange rate over the review period.

What officials said earlier

• On 19 May 2026, Deputy Prime Minister Hussein Eissa said the government did not plan new fuel increases before the end of the 2025-2026 fiscal year. That statement was tied to the end of that fiscal year.
• On 10 March 2026, Prime Minister Mostafa Madbouly said the government had hoped for no fuel increase for a year. Oil rose from about 61.3 dollars a barrel to 93 dollars, so the government reconsidered. He said measures would be reviewed once the exceptional conditions ease.
• That came with the March increase, which raised petrol and diesel prices by about 3 pounds a litre.

Any actual increase depends on the committee's decision, average oil prices, the exchange rate and the cost of supplying fuel over the review period.