The Ministry said that reports of a shortage of cooking oil
in the markets are inaccurate. The Ministry explained that the strategic
reserve of subsidized oil, whether produced domestically or secured through
ongoing contracts, is sufficient to meet citizens’ needs for 5.6 months. The
Ministry added that this reflects stability in the supply situation and ensures
market needs are met.
The Holding Company for Food Industries announced the
introduction of a new 1.5 liter bottle of subsidized cooking oil at a price of
EGP 56, effective December 1, as part of the ration card system. The company
said the 800 milliliter bottle will remain available at EGP 30, while the 700
milliliter bottle will continue to be sold at EGP 27.
Reports had circulated about a potential shortage of cooking
oil in Egyptian markets. The reports linked these expectations to the
escalation of the war between Russia and Ukraine and attacks on vessels
transporting crude oil from Ukraine to other parts of the world.