President Abdel-Fattah El-Sisi confirmed that prices in Egypt are lower than those in some Western countries, commenting: “I want to tell the Egyptians to be clear about how much the prices are supposed in Egypt to be much more than that. No more than 2%, and these are constants that he has for many years in all international variables, and there are some countries that recorded 5, 9 and 11% talking about rich and stable countries, pricing, governance and supply chains, and they do not have population growth, and there are countries that say 40 years of their population is stunted, they have inflation as a result The war is inflation and an increase in prices.”
President Sisi added during the inauguration of projects for the production of livestock and dairy: “If the cost of energy in Egypt was in accordance with international prices, there would have been a very big jump in cost, meaning that the one who transports his products inside Egypt still pays the cost of fuel 50% and less than 50% per liter. Gasoline for 2 dollars means 40 pounds.
And the president continued: “I say this to the Egyptians, so that they know that the reality we have is the most that we can do to control and control prices, according to what happened in the world today. I am talking about a barrel of oil at $120. Well, if it was $150?
President El-Sisi said: “We are keen to set the prices of fuel and energy.. Electricity did not make a decision to supply it. I spoke with Dr. Mostafa this 3 times to postpone the program so that we do not blame people. I am talking about 17 million subscribers who pay less than 50% of the energy, I do not say that.” The state wishes its people, but we try to reduce the burdens bill on people as much as possible.. The electricity program for the third time was evacuated, although the cost of producing electricity increased and the gas used for electricity increased, the goal of the discussion was that the first was $5 per unit, now we are talking about $21 And it was less than its cost when it was sold to people, OK, when it was $214, worth how much?
And the president continued: “Register the state that this is the most necessary thing we do because prices jump and to preserve the limited income. In the absence of energy, the need increases and you hear about all products and means of transportation. We are here for this factory, and if our Lord did not succeed in us during the past 10 billion years, believe me. The needs were more than that.”