Arab Finance: Savola Foods has reaffirmed its commitment to supporting government-led efforts to lower the prices of cooking oils in cooperation with private sector partners, as per an emailed press release.

It emphasized that the current prices of its cooking oil products remain within the agreed price range under the ministerial initiative, previously launched by Sherif Farouk, Minister of Supply and Internal Trade.

This comes as part of the company’s ongoing commitment to providing high-quality food products that meet consumer needs and to reinforcing its role as an active partner in the national economy.

 The company has already reduced its prices to levels below those recorded prior to the launch of the program, reflecting its continued focus on supporting consumers and placing their interests at the heart of its priorities.

Savola also noted that recent global increases in soybean oil prices, alongside higher transportation, packaging, and gas costs, have directly affected overall production expenses.

However, the company confirmed that it continues to review its pricing periodically and remains committed to keeping any future adjustments within the limits set by the national initiative.

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