Egypt’s Minister of Supply and Internal Trade, Sherif Farouk, said the government has taken immediate measures to maintain market stability and ensure the continued availability of essential goods following the recent increase in gasoline and diesel prices.
He stressed that the subsidy system will remain unchanged and that citizens will not bear additional financial burdens as a result of the fuel price hike.
Farouk confirmed that the price of subsidised baladi bread on ration cards will remain fixed at 20 piasters (LE0.20) per loaf.
He explained that the state will absorb the higher production costs resulting from the diesel price increase for bakeries that rely on diesel fuel.
According to the minister, the additional cost borne by the state is estimated at LE1.6 billion annually, equivalent to around LE134 million per month, which will be covered by the General Authority for Supply Commodities to maintain the bread subsidy system.
He also noted that prices of subsidised goods distributed through ration cards at supply outlets and consumer complexes will remain stable. Goods are available in sufficient quantities, and ration distribution is continuing regularly to ensure citizens can obtain their basic needs without any price increases.
Minister Farouk added that the ministry is monitoring the situation around the clock through a central operations room in coordination with supply directorates in the governorates. Inspection campaigns have also been intensified at fuel stations, butane gas depots, markets, bakeries, and food outlets to ensure product availability, adherence to official prices, and prevent unjustified price hikes.
