Companies participating in the Egyptian Government’s natural gas vehicle swap programme will increase their prices by up to 45% in response to rising inflation.
A price list published by the influential daily Al Masry Al Youm indicates that sticker prices on all participating brands will now rise 19-45% from where they were when the scheme launched in March 2021.
Participating brands include Nissan’s Sentra and Sunny, Chevrolet’s Optra, Hyundai’s Accent and Elantra, among a few others, including brands from Lada. Depending on the model, applicants will be paying up to $4,000 (or EGP 75,000) more for their vehicles.
Applications submitted after April 24, 2022 will incur these new prices.
The clearest interpretation is that the government has caved in to pressure and permitted companies to raise prices far above the 10% it previously allowed, year on year, under the rules of the scheme.
