In a significant move, the Ministry of Petroleum and Mineral Resources has officially announced a price increase for both domestic and commercial gas cylinders, effective from 6 AM today, Wednesday. This decision follows a directive from the Prime Minister aimed at adjusting the prices in line with current market conditions.

New Prices for Gas Cylinders

The price of domestic gas cylinders has risen from 100 EGP to 150 EGP at the factory level. Meanwhile, the cost for commercial gas cylinders has also seen an increase, going up from 150 EGP to 200 EGP. This adjustment reflects the ongoing challenges in the energy sector and aims to ensure the continued supply of these essential resources.

Increase in Fuel Oil Prices

In addition to the gas cylinder price hike, the Ministry has also announced an increase in the price of fuel oil supplied to electricity generation plants. The price has surged from 2,500 EGP to 6,500 EGP. Notably, the price for factories remains unchanged, which aims to support industrial operations during this transition.

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Impact and Reactions

These changes come at a time when energy prices are under scrutiny, and consumers are feeling the pressure of rising costs. The government’s decision is likely to spark discussions on the implications for households and businesses alike, as they adjust to the new pricing structure.

As the country navigates these changes, it will be crucial to monitor how these price adjustments affect both everyday consumers and the broader economy.