Egyptian Prime Minister Mostafa Madbouly announced that price gouging is unacceptable and all outlets will be given a two-week period to set prices for goods.

He explained that after the two-week deadline and in case of non-compliance, fines will be imposed on stores that refrain from announcing the prices of goods and reach the closure.

He added at a press conference that indiscipline in prices is monitored, and some, taking advantage of the current crisis, set inflated prices, explaining that this issue is being monitored and discussed.

He stressed that the state imposes a great financial burden on the citizen in order to alleviate his life’s hardships.

He said that there is a state of price indiscipline and that some people are taking advantage of the current crisis and charging inflated prices, explaining that he has been monitoring and discussing this issue.

And the prime minister continued during a press conference after the weekly cabinet meeting that the state bears a great financial burden on the citizen to lighten the burden of life, pointing out that the goal of the state is not the disappearance of any available commodity. .

Source: Cairo 24

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Robin Jackson is the editor-in-chief at 24PalNews. As an editor and author who covers business and finance, Robin shares the latest business news, trends, and insights with his extensive audience.

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