Egypt's Ministry of Supply has announced that its initiative to reduce prices on essential commodities will continue until Ramadan 2027. The initiative, which began in September, offers discounts of up to 25% on 30 essential commodities. According to Ahmed Kamal, spokesperson for the Ministry of Supply, the initiative aims to provide relief to citizens by making essential goods more affordable.
The initiative has been expanded to include 284 outlets across Egypt, offering a range of products including sugar, rice, flour, oil, pasta, dairy products, tuna, vinegar, and margarine. The discounted prices include a kilogram of sugar for 25 pounds, a kilogram of rice for 25 pounds, and a kilogram of flour for 20 pounds. The initiative has been well-received by citizens, who have been struggling with rising prices.
The Ministry of Supply has a total of 40,000 outlets across Egypt, including subsidized bakeries, "collective" outlets, consumer cooperatives, and "carry on" branches. The ministry is working to ensure that there is a steady supply of goods and that prices remain stable. Ahmed Kamal emphasized that the ministry is committed to monitoring the market and taking action against anyone who tries to hoard goods or sell them at inflated prices.
To improve monitoring and oversight, the Ministry of Supply has introduced digital tools, including the "Inspector's Card" and "Price Radar". These tools will help the ministry to track prices and identify any irregularities. Citizens can also report any irregularities or complaints through official channels.
The Ministry of Supply has warned that anyone found to be hoarding goods, selling them at inflated prices, or selling expired products will face penalties, including fines and imprisonment. The ministry is taking a tough stance on these issues in order to protect consumers and maintain market stability.
The price reduction initiative is part of the government's efforts to support low-income families and reduce the impact of rising prices. The initiative has been welcomed by citizens and is seen as a positive step towards addressing the country's economic challenges. The ministry's efforts to provide affordable goods and services are seen as crucial in maintaining social stability.
The extension of the initiative until Ramadan 2027 is expected to provide relief to citizens during the holy month, when demand for goods typically increases. The ministry's commitment to monitoring the market and taking action against irregularities is seen as essential in maintaining market stability and protecting consumers.
Key points
- The initiative offers discounts of up to 25% on 30 essential commodities.
- The initiative has been extended until Ramadan 2027.
- The Ministry of Supply has introduced digital tools to improve monitoring and oversight.
