Arab Finance: In light of what was announced from New prices for petroleum products As of Friday, April 11, 2025, at six in the morning, it is worth noting that despite the last price increases in petroleum products, the price gap is still standing between the cost and the price of the sale as a result of the large increase in costs that these increases have not yet been absorbed.
With the state’s keenness to observe the social dimension and reduce the burdens on the citizens, the state directs the largest part of the support to the products of diesel, the gasoline and the 80/92 gasoline to reduce the burdens on the shoulders of the citizen, knowing that the state imports about 40% of the amount of consumption of the diesel product, 50% of the amount of consumption of the gas product and 25% of the amounts of consumption of the gasoline product, and thus the daily support is attributed according to the declared prices that it bear The state is the result of the gap between the prices and the actual cost that the state bears for various gasoline products, diesel and stove about 366 million pounds per day, equivalent to 11 billion pounds per month.
It should also be noted that despite the decrease in the price of Brent crude and the global prices during the recent period, this decrease led to a slight decrease at the cost of a liter of diesel is estimated at about 40 piasters only, and therefore the continued presence of a gap between the selling price and the cost, taking into account the market expectations for the coming period in light of the instability of the prices of petroleum products as a result of global geopolitical and economic tensions, along with developments in production and transportation costs And import.
It should be noted that the previous decisions to correct prices were on 10/18/2024 (6 months ago), taking into account the reduction of burdens on the shoulders of the citizen.
Also, the current price change will not be studied next 6 months before.
Related news
