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Thursday, 8 September 2016

Interior Ministry takes a more active role to curb “price gouging” as country goes crazy over butane cylinder shortages

The Interior Ministry will be taking a more active role in monitoring prices after Interior Minister Magdy Abdel Ghaffar ordered officers to step up efforts to curb price increases and end price gouging by traders “looking to create false shortages,” Al Ahram reports. This comes as the nation appears to be in the midst of another shortage, this time of butane cylinders, with prices jumping to EGP 60 per cylinder in the black market against an official price of EGP 15, Al Shorouk reports. The Supply Ministry has been flooding the market with 1.2 mn cylinders per day to combat the shortage and will continue to do so through the Eid break, said ministry spokesperson Hamdy Abdel Aziz (runtime: 3:35).

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