diff --git a/packages/util/ratio.go b/packages/util/ratio.go
index f6b67eba43..520b646d6e 100644
--- a/packages/util/ratio.go
+++ b/packages/util/ratio.go
@@ -17,6 +17,22 @@ func (r Ratio32) String() string {
 	return fmt.Sprintf("%d:%d", r.A, r.B)
 }
 
+func Ratio32FromString(s string) (Ratio32, error) {
+	parts := strings.Split(s, ":")
+	if len(parts) != 2 {
+		return Ratio32{}, fmt.Errorf("invalid string")
+	}
+	a, err := strconv.ParseUint(parts[0], 10, 32)
+	if err != nil {
+		return Ratio32{}, err
+	}
+	b, err := strconv.ParseUint(parts[1], 10, 32)
+	if err != nil {
+		return Ratio32{}, err
+	}
+	return Ratio32{A: uint32(a), B: uint32(b)}, nil
+}
+
 func (r Ratio32) Bytes() []byte {
 	var b [8]byte
 	copy(b[:4], Uint32To4Bytes(r.A))
diff --git a/tools/wasp-cli/decode/cmd.go b/tools/wasp-cli/decode/cmd.go
index 8f0691bb6b..0516ef806e 100644
--- a/tools/wasp-cli/decode/cmd.go
+++ b/tools/wasp-cli/decode/cmd.go
@@ -9,6 +9,7 @@ import (
 	iotago "github.com/iotaledger/iota.go/v3"
 	"github.com/iotaledger/wasp/packages/isc"
 	"github.com/iotaledger/wasp/packages/kv"
+	wasp_util "github.com/iotaledger/wasp/packages/util"
 	"github.com/iotaledger/wasp/packages/vm/gas"
 	"github.com/iotaledger/wasp/tools/wasp-cli/log"
 	"github.com/iotaledger/wasp/tools/wasp-cli/util"
@@ -18,6 +19,7 @@ func Init(rootCmd *cobra.Command) {
 	rootCmd.AddCommand(initDecodeCmd())
 	rootCmd.AddCommand(initDecodeMetadataCmd())
 	rootCmd.AddCommand(initDecodeGasFeePolicy())
+	rootCmd.AddCommand(initEncodeGasFeePolicy())
 }
 
 func initDecodeCmd() *cobra.Command {
@@ -89,3 +91,51 @@ func initDecodeGasFeePolicy() *cobra.Command {
 		},
 	}
 }
+
+func initEncodeGasFeePolicy() *cobra.Command {
+	var (
+		tokenID           string
+		gasPerToken       uint64
+		evmGasRatio       string
+		validatorFeeShare uint8
+	)
+
+	cmd := &cobra.Command{
+		Use:   "encode-gaspolicy",
+		Short: "Translates metadata from Hex to a humanly-readable format",
+		Args:  cobra.NoArgs,
+		Run: func(cmd *cobra.Command, args []string) {
+			gasPolicy := gas.DefaultGasFeePolicy()
+
+			if tokenID != "" {
+				tokenIDBytes := util.TokenIDFromString(tokenID)
+				nativeTokenID, err := isc.NativeTokenIDFromBytes(tokenIDBytes)
+				log.Check(err)
+				gasPolicy.GasFeeTokenID = nativeTokenID
+			}
+
+			if gasPerToken != 0 {
+				gasPolicy.GasPerToken = gasPerToken
+			}
+
+			if evmGasRatio != "" {
+				ratio, err := wasp_util.Ratio32FromString(evmGasRatio)
+				log.Check(err)
+				gasPolicy.EVMGasRatio = ratio
+			}
+
+			if validatorFeeShare <= 100 {
+				gasPolicy.ValidatorFeeShare = validatorFeeShare
+			}
+
+			log.Printf(iotago.EncodeHex(gasPolicy.Bytes()))
+		},
+	}
+
+	cmd.Flags().StringVar(&tokenID, "tokenID", "", "TokenID for the gas fee")
+	cmd.Flags().Uint64Var(&gasPerToken, "gasPerToken", 0, "gas per token")
+	cmd.Flags().StringVar(&evmGasRatio, "evmGasRatio", "", "evm gas ratio (format: a:b)")
+	cmd.Flags().Uint8Var(&validatorFeeShare, "validatorFeeShare", 101, "validator fee share (between 0 and 100)")
+
+	return cmd
+}