Egypt Freezes Fuel Prices to End of 2026

Hussein Eissa, Egypt’s Deputy Prime Minister for Economic Affairs, announced plans in Cairo to transition to a cash subsidy system by the end of 2026. He also stated fuel prices will remain unchanged through the end of the 2026 fiscal year. This decision aims to provide stability during global economic uncertainty and fluctuating energy costs.

Eissa detailed a program to offer ten state-owned companies to private investors before the end of 2026. These include Banque du Caire and companies linked to the Egyptian Armed Forces, listed on the Egyptian Stock Exchange. The government will release an updated State Ownership Policy Document by next June, clarifying which sectors will see increased private investment.

Six major economic authorities—including the National Food Authority—should undergo restructuring by the end of this year. Eissa noted Egypt’s public business sector includes 66 subsidiaries currently listed on the stock exchange. The government continues to assess the first phase of restructuring before beginning a new one next year.