Bread price unchanged, says supply minister

CAIRO - 29 June 2017:The bread price will not be affected by the government's decision to cut fuel subsidies, Supply Minister Ali El Mosilhy said.

Bread loaf will be sold to citizens at 5 piasters with no change in its price, the minister said in press statements on Thursday.

The production of a bread loaf costs the state 60 piasters, he said, adding, however, that bread prices would not be affected.

The cabinet had approved an increase in fuel prices as of Thursday morning.

The price of 80-octane fuel rose from 2.35 to 3.65 pounds per liter, while the price of 92-octane gasoline rose from 3.5 to 5 pounds per liter.

As for diesel, its price increased from 2.35 to 3.65 pounds per liter.

The price of cooking butane gas cylinder also increased from 15 to 30 pounds