Egypt raises prices of butane gas cylinders for first time in 2 years

Ahram Online , Saturday 4 Dec 2021

Egypt has raised prices of butane gas cylinders for the first time in two years by around 7.7 percent for commercial and domestic uses starting Saturday.

File photo: An Egyptian man loads gas cylinders onto a truck to be refilled at a warehouse in Cairo,
File photo: An Egyptian man loads gas cylinders onto a truck to be refilled at a warehouse in Cairo, Egypt, on September 11, 2016. AFP

As per an announcement by the Egyptian General Petroleum Corporation, the 12.5 kilogram butane cylinder for domestic use will rise to EGP 70 ($4.5) from EGP 65 ($4).

The price of the 25 kilogram butane cylinder for commercial use will rise by EGP 10 to reach EGP 140 ($9), said the announcement.

Egypt has raised gasoline and fuel prices several times over the recent years, the last of which was last October, but prices of butane gas cylinders have been fixed over the past two years.

The Ministry of Petroleum raised their price by around 66 percent in 2018 and again by 30 percent in 2019.

Butane gas cylinders usually reach consumers at remote distances from factories at higher prices.

The price of butane gas, like other petroleum products, has increased globally to around $800 per tonne, Minister of Petroleum Tarek El-Molla told media earlier this month.

Egypt imports about 50 percent of its total butane gas consumption, El-Molla said.

The state subsidises the gas cylinders, which cost EGP 140 to produce, El-Molla added.

Egypt has started implementing a quarterly automatic pricing mechanism on all petroleum products since July 2019, exempting the butane, and petroleum products used by the electricity sector, and bakeries from the mechanism. 

Short link: