Rising Fuel Prices in Egypt Drive Up Costs for Logistics and Agriculture in Oct-24

In Oct-24, Egypt saw its third fuel price hike of 2024, with benzene and gasoline prices rising by 10 to 17% compared to Mar-24. This increase has significantly impacted logistics costs, increasing prices for fruits, vegetables, and grain products nationwide. The rising fuel expenses are putting added pressure on the agricultural industry, further straining supply chains and contributing to inflation in food prices.