Egypt has increased domestic fuel prices by up to 30%, citing global energy pressures due to the ongoing Middle East conflict.
Egypt's government announced a significant rise in domestic fuel prices, increasing rates by as much as 30%. The decision was made by the petroleum ministry and was attributed to what they termed 'exceptional' global energy pressures resulting from the ongoing conflict in the Middle East. This turmoil has led to disruptions in oil supplies and shipping routes, impacting the cost and availability of petroleum products.