Egypt’s strategic reserves of essential food commodities and petroleum products are sufficient to meet demand for several months, Egyptian cabinet ministers said on Saturday following regional developments.
Prime Minister Mostafa Madbouly held meetings with the Minister of Supply and Internal Trade and the Minister of Petroleum and Mineral Resources to monitor the status of strategic stocks and ensure the continuity of supply chains.
Supply Minister Sherif Farouk confirmed the availability of a safe inventory of various basic commodities for several months. He stated that efforts are ongoing to distribute goods into markets and monitor prices in coordination with relevant authorities to ensure market stability. Farouk added that the government would not permit monopolistic practices or unjustified price increases, particularly ahead of the month of Ramadan.
Petroleum Minister Karim Badawi stated that reserves of petroleum products remain stable at safe levels, with supplies being delivered regularly for various uses, specifically for production sectors.
Badawi noted that measures have been implemented recently to enhance readiness for different scenarios and to develop integrated plans that allow for a rapid response to any emergency changes in the sector.
The Petroleum Minister also visited the National Gas Grid Control Centre on Saturday to review the plan for securing natural gas supplies and its distribution across the local market. Badawi said the visit aimed to ensure the system’s readiness to implement proactive scenarios designed to manage any new developments.
The meetings follow a session held two days earlier to coordinate the state’s response to ongoing regional events.
