Annual Gasoline Price Post

Annual report on gasoline prices in Egypt

Well, price not prices; the government sets the retail price and all stations charge the same amount. As usual we check the price of 92 octane, the grade used by the vast majority of motorists.

 

This year the price is up 22% over last year for the Egyptian motorist, rising from 12.5 EGP per liter to 15.25

Doing the conversion from Egyptian currency to US Dollars and liters to gallons we arrive at $1.15 per gallon. This is unlikely to garner much sympathy in the minds of Americans for the 22% increase.

 

Note that gasoline is pumped by a smiling attendant at the Taqa station where we stopped near our apartment to fill up our friend Roshdy's Toyota.  You might also note that he holds a wad of cash in his hand to provide change.

 

The window washing is not exactly a free service since the driver is expected to tip the employee doing the washing. I handed over a 20 pound note (about 40 cents) for the service, thinking back to "the good old days" when a 5 pound note would handle the job.

Below is a summary of  gasoline prices for the past few years.  In shows the relative stability of price in dollars as high inflation constantly hammers the local buyer.  The annual inflation rate in the Egyptian economy is about 24%.  (More details on that can be found here.)

 

 

		EGP	US$
Year		per liter	per gallon
2007		1.50	1.04
2011		1.42	0.93
2013		1.85	1.04
2014		1.85	1.01
2016		2.60	1.26
2017		3.50	0.74
2018		5.00	1.11
2019		6.75	1.46
2020		7.75	1.83
2021		COVID	COVID
2022		8.50	2.05
2023		9.25	1.19
2024		11.50	1.41
2024		11.50	1.09
2024		12.50	1.00
2025		15.25	1.15