Egypt raises natural gas prices by up to 75 percent - official gazette

Taxi drivers chat as they refuel their vehicles at a gas station in Cairo, Egypt, Thursday, June 29, 2017. (AP)

Egypt on Saturday announced increases of between a third and 75 percent in the price of natural gas for home and commercial use, in a statement published by the official gazette.

Effective August 1, prices for consumption of up to 30 cubic meters has been set at 0.175 Egyptian pounds per cubic meter, up from 0.100 pounds.

The price for between 30 cubic metres and 60 cubic metres was set at 0.250 pounds from 0.175, and for consumption above 60 cubic meters at 0.300 pounds, from 0.225.

The statement did not specify the timeframes over which the consumption levels apply.

Last Update: Wednesday, 20 May 2020 KSA 09:57 - GMT 06:57