Oil falls below 5 pounds on July 28
On Tuesday, July 28, 2026, there was a noticeable decline in oil prices in the local market. The average price of a liter of sunflower oil was about 101 Egyptian pounds, down by one pound, while the average price of corn oil was 113 pounds, decreasing by 5.5 pounds. Prices ranged between 60 and 125 pounds per liter depending on the type and brand. Additionally, the Holding Company for Food Industries released packaged cooking oil in various sizes at lower prices, such as a 1.5-liter bottle priced at 56 pounds, to meet consumer needs and reduce overall prices.
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