The official spokesman for the Ministry of Supply and Internal Trade, Ahmed Kamal, said that the price of natural gas for bakeries is fixed and no increase has been applied to it, which did not affect the price of a loaf of subsidized bread in Egypt.
Kamal added in a statement issued by the Ministry of Supply that “the price of natural gas has been fixed by a decision of the Prime Minister 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 remains fixed for citizens at 20 piasters per loaf.”
Ahmed Kamal said, “Prime Minister’s Decision No. 3001 of 2024, which will be effective starting September 18, 2024, includes EGP 12,000 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.
On Wednesday, the Ministry of Petroleum in Egypt began implementing the new increase in the selling price of domestic and commercial gas cylinders, according to the decision of the Prime Minister.
According to the decision, the price of domestic gas cylinders was increased from 100 pounds to 150 pounds delivered to the factory, and the price of a gas cylinder for commercial use was increased from 150 pounds to 200 pounds.
The Egyptian Ministry of Petroleum increased the price of a ton of diesel supplied to power generation and production stations from 2,500 pounds to only 6,500 pounds, while maintaining the price for factories and increasing the selling price of bulk gas to 12,000 pounds per ton.
Source: RT
#Egypt. #government #decides #fate #price #loaf #bread #increase #gas
2024-09-19 15:42:01
– Why has the Egyptian government decided to maintain the fixed price of subsidized bread?
Table of Contents
No Price Hike for Subsidized Bread in Egypt as Natural Gas Price Remains Fixed
The Egyptian government has quashed rumors of a price hike for subsidized bread, assuring citizens that the cost of natural gas for bakeries remains fixed and will not affect the price of a loaf of subsidized bread. Ahmed Kamal, the official spokesman for the Ministry of Supply and Internal Trade, made the announcement, putting to rest concerns about the impact of recent gas price increases on the bread subsidy program.
Fixed Price for Natural Gas
Kamal explained that the price of natural gas for municipal bakeries has been fixed since 2020 by a decision of the Prime Minister, and its cost is fully borne by the General Authority for Supply Commodities. This means that bakery owners have no role to play in the pricing of natural gas, and the price of subsidized bread remains fixed at 20 piasters per loaf.
Gas Price Increase for Cylinder Filling Factories
The recent Prime Minister’s Decision No. 3001 of 2024, effective from September 18, 2024, has introduced an increase in the price of bulk gas used in filling gas cylinders in cylinder filling factories. The new price is set at EGP 12,000 per ton of bulk gas, excluding transportation freight. However, this increase does not apply to the prices of natural gas used by some tourist bakeries, which were not included in the decision with any increase.
Domestic and Commercial Gas Cylinder Prices
As part of the recent gas price increases, the Ministry of Petroleum in Egypt has implemented a new pricing structure for domestic and commercial gas cylinders. The price of a 12.5 kg domestic gas cylinder has increased from 100 to 150 pounds, while the 25 kg commercial cylinder has gone up from 200 to 300 pounds.
Government Commitment to Subsidized Bread
The Egyptian government has reiterated its commitment to maintaining the subsidized bread program, ensuring that citizens continue to have access to affordable bread. The decision to fix the price of natural gas for bakeries is a testament to the government’s efforts to protect the interests of low-income families and ensure food security in the country.
Impact on Bakeries and Citizens
The fixed price of natural gas for bakeries will allow bakery owners to maintain their current pricing structure, ensuring that citizens continue to purchase bread at the same subsidized rate. This move is expected to have a positive impact on the bakery industry, as well as low-income families who rely on subsidized bread as a staple food item.
Conclusion
the Egyptian government has taken steps to address concerns about the impact of recent gas price increases on the subsidized bread program. By fixing the price of natural gas for bakeries, the government has ensured that citizens will continue to have access to affordable bread, maintaining food security and supporting the interests of low-income families.
Keywords: Egypt, Subsidized Bread, Natural Gas, Price Hike, Ministry of Supply and Internal Trade, Ahmed Kamal, Prime Minister, Bakeries, Gas Cylinders
Staple in their diet.
No Price Hike for Subsidized Bread in Egypt as Natural Gas Price Remains Fixed
The Egyptian government has quashed rumors of a price hike for subsidized bread, assuring citizens that the cost of natural gas for bakeries remains fixed and will not affect the price of a loaf of subsidized bread. Ahmed Kamal, the official spokesman for the Ministry of Supply and Internal Trade, made the announcement, putting to rest concerns about the impact of recent gas price increases on the bread subsidy program.
Fixed Price for Natural Gas
Kamal explained that the price of natural gas for municipal bakeries has been fixed since 2020 by a decision of the Prime Minister, and its cost is fully borne by the General Authority for Supply Commodities. This means that bakery owners have no role to play in the pricing of natural gas, and the price of subsidized bread remains fixed at 20 piasters per loaf.
Gas Price Increase for Cylinder Filling Factories
The recent Prime Minister’s Decision No. 3001 of 2024, effective from September 18, 2024, has introduced an increase in the price of bulk gas used in filling gas cylinders in cylinder filling factories. The new price is set at EGP 12,000 per ton of bulk gas, excluding transportation freight. However, this increase does not apply to the prices of natural gas used by some tourist bakeries, which were not included in the decision with any increase.
Domestic and Commercial Gas Cylinder Prices
As part of the recent gas price increases, the Ministry of Petroleum in Egypt has implemented a new pricing structure for domestic and commercial gas cylinders. The price of a 12.5 kg domestic gas cylinder has increased from 100 to 150 pounds, while the 25 kg commercial cylinder has gone up from 200 to 300 pounds.
Government Commitment to Subsidized Bread
The Egyptian government has reiterated its commitment to maintaining the subsidized bread program, ensuring that citizens continue to have access to affordable bread. The decision to fix the price of natural gas for bakeries is a testament to the government’s efforts to protect the interests of low-income families and ensure food security in the country.
Impact on Bakeries and Citizens
The fixed price of natural gas for bakeries will allow bakery owners to maintain their current pricing structure, ensuring that citizens continue to purchase bread at the same subsidized rate. This move is expected to have a positive impact on the bakery industry, as well as low-income families who rely on subsidized bread as a
