Egypt Watch

Egypt PM sets price of masks and disinfectant as black market surges

Prime Minister Moustafa Madbouly has set the selling price of protective tools for protection against the emerging coronavirus, such as alcohol disinfectants and masks.

In the last month an illegal black market selling masks at very high prices has grown, as the price of one regular mask jumped to EGP 7 ($0.44), after the original price did not exceed EGP 1 ($0.06), while the price of an N95 respirator is more than EGP 100 ($6).

For ethyl alcohol 70 per cent the price ranges between EGP 100 for a plastic litre bottle, and EGP 10 ($0.63) for a 30ml bottle.

The price of ordinary masks was detected at EGP 2 ($0.13) for the consumer, and of a box of latex gloves at EGP 80 ($5) for the consumer.

All stores, pharmacies and other outlets are obligated to display the prices of products in places visible to their buyers, with a prohibition on refraining from selling it.

The decision included punishing anyone who violates this decision with imprisonment for a period of no less than a year and a fine of no less than EGP 100,000 ($6,348).