Will the price of bread be raised in Egypt?

by times news cr

After the increase in the prices of domestic and commercial gas cylinders witnessed in Egypt، The Egyptian Ministry of Supply denied reports that the government intends to implement a new increase in the price of a loaf of bread in bakeries.

The official spokesman for the Ministry of Supply and Internal Trade, Ahmed Kamal, said: “The price of natural gas for bakeries is fixed and no increase has been applied to it, which has not affected the price of a loaf of subsidized bread in Egypt.”

Kamal added, “The price of natural gas has been fixed by the Prime Minister’s decision since 2020 for municipal bakeries, and its cost is fully borne by the General Authority for Supply Commodities, and bakery owners have nothing to do with it, so that the price of the subsidized loaf of bread remains fixed for citizens at 20 piasters per loaf.”

Ahmed Kamal said: “Prime Minister’s Decision No. 3001 of 2024 AD, which will be effective starting from 9/18/2024, includes 12,000 pounds per ton of bulk gas, excluding transportation freight. This price is specific to the increase in the prices of bulk gas used in filling gas cylinders in cylinder filling factories and has nothing to do with the prices of natural gas used by some tourist bakeries, which were not included in the issued decision with any increase.”

He pointed out that “the increase in the price of a 12.5 kg domestic gas cylinder is from 100 to 150 pounds, and the 25 kg commercial cylinder is from 200 to 300 pounds.”

Yesterday, the Ministry of Petroleum in Egypt began implementing the new increase in the selling price of domestic and commercial gas cylinders.


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2024-09-19 15:01:27

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