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Friday, 06 December 2019

Egypt to reduce subsidised staple food prices as of 1 December

A bottle of cooking oil will cost EGP 8.5 instead of EGP 9.5 and the price of sugar will decrease to EGP 8.5 per kilogram from EGP 9

Reuters , MENA , Saturday 16 Nov 2019
Sugar
File Photo: Bags of sugar are stacked inside the government food outlet in Cairo, Egypt August 29, 2017. (Photo: Reuters)
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Prices of some basic commodities included in ration cards are planned to be lowered as of 1 December, Minister of Supply and Internal Trade Ali Moselhi said Saturday.

A bottle of cooking oil will cost EGP 8.5  instead of EGP 9.5, the price of sugar will decrease to 8.5 pounds per kilogram from EGP 9, that of rice will be reduced to EGP 8 per kilogram from EGP 9 and flour will go down to EGP 6.50 pounds per bag from EGP 6.75, Moselhy said.

In October, a total of 1.8 million Egyptians were returned to the food subsidy programme after an order from President Abdel-Fattah El-Sisi.

They had been removed earlier this year when the supply ministry started to sift through the system to weed out people whose income was believed to be too high to warrant access to cheap rice, pasta and other basic foods.

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