Core Points - Egypt's Ministry of Petroleum and Mineral Resources announced an increase in domestic fuel prices as part of the government's economic reform policy, with prices set to remain unchanged for one year [1] - The price increase ranges from 10.5% to 12.9%, with diesel rising from 15.50 EGP to 17.50 EGP (approximately $0.37), 80-octane gasoline from 15.75 EGP to 17.75 EGP, 92-octane gasoline from 17.25 EGP to 19.25 EGP, and 95-octane gasoline from 19 EGP to 21 EGP [1] - The International Monetary Fund's $8 billion support program requires the Egyptian government to reduce subsidies on fuel, electricity, and food, with plans to eliminate fuel subsidies by December 2025 [1] Summary by Category Price Adjustments - Diesel price increased from 15.50 EGP to 17.50 EGP [1] - 80-octane gasoline price adjusted from 15.75 EGP to 17.75 EGP [1] - 92-octane gasoline price raised from 17.25 EGP to 19.25 EGP [1] - 95-octane gasoline price increased from 19 EGP to 21 EGP [1] Government Policy - The price adjustments are part of the government's economic reform policy [1] - The government plans to gradually eliminate fuel subsidies by December 2025 [1] International Support - The IMF's $8 billion support program mandates reductions in fuel, electricity, and food subsidies [1]