Egypt government denies increasing prices of subsidized bread

Egypt government denies increasing prices of subsidized bread

The Egyptian government refuted rumors on Wednesday that it is increasing prices of subsidized bread, in conjunction with fuel prices increases.

The Media Center of the Egyptian Cabinet said on Wednesday that it had contacted the Ministry of Supply and Internal Trade to verify these claims, which were subsequently spread online.

The ministry denied the news as baseless.

The Ministry of Supply and Internal Trade emphasized that the subsidized loaf of bread will be dispensed for citizens on ration cards for only 5 piasters without any increase, with the state continuing to bear the difference in the cost of increasing the price of diesel and providing it to bakery owners.

It noted that the Ministry’s General Authority for Supply Commodities has paid the net cost of producing a loaf of bread in municipal bakeries that operate on diesel fuel, according to what is proven from the sales of bread on the system under the ration card.

The ministry pointed out that periodic control campaigns were launched on all bakeries in the various governorates to ensure that subsidized bread conforms to all quality standards, and that it is dispensed on a regular basis, with the application of penalties and fines for violators.

The Egyptian Petroleum Products Automatic