Budgeted oil price versus actual market prices

Zawia3 · Infographic ⑦ of ⑧

USD per barrel; each dollar of difference costs an extra EGP 4 billion

"The budget assumes USD 75 a barrel while the market trades at USD 100; each dollar of difference costs the budget EGP 4–4.5 billion"

Budget assumption

75$

per barrel

Market price (Brent)

~100$

per barrel currently

Hormuz crisis ceiling

150$

per barrel

Each dollar above USD 75 costs the budget an extra EGP 4–4.5 billion

Source: Institute of International Finance (IIF) / Egyptian Ministry of Finance