Prices
Minister of Petroleum, Tarek El Molla, issued the decision for the new pricing to be implemented from Friday morning.
Cigarette increments ranged from LE 1.5 to LE 3 per pack.
Madbouli elaborated that the government is aware that there is a rise in prices.
The annual urban consumer inflation in Egypt is at its highest of 15 percent in four years, according to Monday data from the Central Agency for Public Mobilization and Statistics (CAPMAS).
the increase came much less than the expectations of traders in the market, according to the Head of the Tobacco Division at the Federation of Industries, Ibrahim Imbabi.
The Egyptian government issued a decree, per which farmers shall deliver barley rice during the current season and until mid-December, to make it available for the public on the ration cards.
The price of a Big Mac meal climbed from LE 59, to LE 88. The price of a medium Big Tasty meal was LE 92, and became LE 123.
According to the list, the prices of L&M of all kinds have been increased to LE 34.
He pointed out that the prices of medicines were moved in 2016 at a rate of about 7,000 types of medicines, but during the current period there is an increase in prices for only about 10 medicines.
European Union Ambassador to Egypt Christian Berger confirmed on Wednesday that the EU will provide Egypt with 100 million euros in aid because of soaring food prices.
Madbouli added that President Sisi made it clear that the state was able, with good and proper planning, to supply sufficient reserves of goods, which enabled the Egyptian state to absorb and deal with this unprecedented crisis.
Arabi lauded the swift measures taken by the government to control prices amid the current global fluctuations in goods' prices.
Sawiris said, in a tweet via his twitter account, Monday, that there are measures that must be implemented quickly to confront the rise in oil and wheat prices and its impact on the economy.
The UN official expressed concern about the bombing of urban centers across Ukraine, and the unconfirmed reports of casualties and damage to residential infrastructure.
The company also raised the price of the item Cleopatra Box (white - colors) to LE 20, Cleopatra Super to LE 21, Mondial to LE 21, Mondial Switch to LE 24, Cleopatra Black to LE 24, and Matossian Super to LE 24.
As per the decision, the PCR tests for Egyptians will be EGP 650 instead of EGP 900, while a PCR test for foreigners will cost EGP 750 instead of EGP 1,200.
Egypt's Fuel Automatic Pricing Committee decided to raise gasoline prices by 25 piasters per liter and to keep the prices of diesel and mazut unchanged until the end of September.
The company stated in a statement that the price of Cleopatra Black will be increased to LE 24, Mondial (red - blue - silver) to LE 21, and Mondial Switch (Menthol / Blueberry) to LE 24.
Minister of Electricity and Renewable Energy Mohamed Shaker confirmed that the tranche prices will be applied for the new fiscal year, starting from Thursday, July 1, which was announced during the press conference announcing the state’s plan to raise subsidies until 2025 last July, stressing that the ministry is committed to implementing the state’s plan to raise subsidies gradually, to end in July 2025.
The Ministry of Supply said that the news is void of truth, the center said in a statement on Tuesday.
