Dr. Sherif Farouk, Minister of Supply and Internal Trade, confirmed that the price of a loaf of subsidized local bread priced on ration cards at 20 piasters per loaf would not be affected.
The Minister of Supply indicated that the state, represented by the Ministry’s General Authority for Supply Commodities, takes into account all cost elements and production inputs for manufacturing a loaf of subsidized local bread, including the price of diesel and gas, in light of the decisions of the Automatic Pricing Committee for Petroleum Products.
He noted that the citizen gets subsidized local bread through the ration card at a price of 20 piasters, and the state continues to bear the difference in the cost of production and pay it to bakery owners through the Supply Commodities Authority.
The Egyptian Ministry of Petroleum announced on Friday that it would raise the prices of a wide range of fuel products, for the third time this year.
The Egyptian Ministry of Petroleum said in a post on its official Facebook page: The Automatic Pricing Committee for Petroleum Products, concerned with reviewing and setting the selling prices of petroleum products, met in the context of ensuring the provision of petroleum products and controlling market performance in accordance with the established pricing mechanisms.
She added: “In an effort to reduce the gap between the selling prices of petroleum products and their high production and import costs, the following measures have been taken to reduce part of this gap and correct the prices of the following petroleum products as of Friday, October 18, 2024, provided that the committee postpones its next session to be after 6 months. As follows:
Source: Al-Masry Al-Youm
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