Senate Energy Committee chair says fuel prices will stay unchanged through end-September

Published 2026-09-14 · Updated 2026-10-26

What happened

Osama Kamal, who heads the Energy Committee in the Egyptian Senate, said on 2026-09-11 that Egypt would not raise gasoline and diesel prices before the end of September. His remarks came ahead of the next expected move under Egypt's automatic fuel-pricing framework, after Brent prices rose and local discussion focused on whether the committee would adjust pump prices.

Why it matters

The statement gives a named institutional signal that the government is, for now, holding retail fuel prices despite higher external oil costs. That keeps the next pricing review in focus because the state must either absorb the difference in the budget or allow a later increase that would feed transport and food costs.

On 2026-09-11, former petroleum minister Osama Kamal, now head of the Senate Energy Committee, publicly said gasoline and diesel prices would not rise before the end of September. The statement directly addressed market expectations of an increase after higher oil prices linked to Hormuz disruption and commentary around Egypt's automatic fuel-pricing mechanism. The immediate policy question is whether the government absorbs higher import costs for another review window or allows a later pass-through into domestic prices.

Watch for

Egyptian Cabinet statement by 2026-09-17 confirming or denying any fuel-price committee meeting before end-September Brent front-month settlement staying above recent post-Hormuz levels through 2026-09-17, increasing the cost of holding domestic pump prices flat Ministry of Petroleum or Ministry of Supply release by 2026-09-17 on fuel availability, distribution, or cost measures linked to domestic pricing Any Egyptian fuel-price committee announcement between 2026-09-15 and 2026-09-17 setting, postponing, or reaffirming the next review window

Sources

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