The government of Egypt has increased fuel prices by as much as 30 percent due to global energy pressure linked to the ongoing conflict in the Middle East. The announcement was made by the Egyptian Ministry of Petroleum and Mineral Resources, which said the adjustment affects gasoline, diesel and vehicle natural gas.

Officials explained that disruptions in global supply chains and rising shipping and insurance costs have pushed petroleum prices higher. The ministry noted that the regional conflict involving Israel, Iran and the United States has contributed to instability in the global oil market.

Under the new price structure, diesel rose to 20.50 Egyptian pounds per litre, while 80-octane gasoline increased to 20.75 pounds. The price of 92-octane gasoline moved up to 22.25 pounds, and 95-octane gasoline now sells for 24 pounds per litre across the country.

Natural gas used for vehicles saw the biggest adjustment, climbing by 30 percent. Analysts say the move is also tied to ongoing economic reforms supported by the International Monetary Fund as Egypt continues efforts to stabilize its economy.