Egypt raises domestic fuel prices before IMF review

CAIRO - Egypt raised the prices of a wide range of fuel products on Thursday, the official gazette said, four days before the International Monetary Fund conducts a third review of its expanded $8 billion loan programme for the country.

The official gazette, citing the petroleum ministry, said petrol prices increased by up to 15% per litre, with 80 octane rising to 12.25 Egyptian pounds ($0.25), 92 octane to 13.75 pounds and 95 octane to 15 pounds.

Diesel, one of the most commonly used fuels, saw the biggest increase, rising to 11.50 Egyptian pounds ($0.24) from 10 pounds.