Monday , October 23 2017

Tag Archives: price rise

‘Remarkable increase seen in prices of food items in co-ops’

KUWAIT CITY, Jan 23: The prices of food items have increased remarkably, as some of these items cost only 100 fils if obtained from traders and importing companies but the cooperative societies sell them for about 400 to 600 fils, reports Al-Shahed daily quoting sources. Sources disclosed the cooperative societies …

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MP ‘queries’ over commodity prices

KUWAIT CITY, Jan 17: MP Abdullah Al-Adwan has presented queries to Minister of Commerce and Industry Yousef Al-Ali on his ministry’s role in monitoring the prices of vital commodities. He wants to know if there is a mechanism for monitoring the prices of these commodities compared to the prices in …

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Decision to raise prices of fuel pushed back six months

KUWAIT CITY, Jan 7: The government has decided to suspend for six months its decision to raise the prices of fuel until report of the international consultancy firm Ernst & Young is finalized, as regards the implementation of comprehensive economic reform. In a press statement, reliable oil sources said that …

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MoCI dept to check commodities in market before & after fuel price hike

KUWAIT CITY, Jan 2: In anticipation of prices hike that may arise out of the fuel price increase in the country, Minister of Commerce and Industry (MoCI) Dr Yusuf Al-Ali affirmed that the sector has given instructions to the commercial monitoring and control department to study prices of all commodities …

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Traders said hoarding cigarettes in anticipation of price increase – Ministry to conduct surprise raids in commercial outlets

KUWAIT CITY, Jan 1: Packs of cigarettes disappeared from shelves in the market in anticipation of price increase, although officials from the Ministry of Trade and Industry say no decision that has been issued to increase the prices of cigarettes in the country, reports Al-Rai daily. Sources privy to the …

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Several citizens, expats express objection to hike in prices of fuel – ‘Govt has not provided any alternatives’

KUWAIT CITY, Dec 29: Several concerned citizens and expatriates have expressed objection to the intention of government to increase the prices of fuel, especially after Saudi Arabia and Bahrain have taken a similar step. They stressed the decision will cause untold hardship to low income earners. A Kuwaiti man Jassem …

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Indications point to 10 pct increase in service charges

KUWAIT CITY, Dec 21: Indications are rife that service charges will be increased by 10 percent for transactions and other facilities rendered to citizens and expatriates by the Government, reports Al-Shahid daily. The daily quoting sources indicated a comprehensive study is being prepared by the committee in charge of reviewing …

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MP slams ministry for failure to control hike in goods rates – ‘KD 28,000 monthly salary and govt subsidy too’

KUWAIT CITY, Nov 24: MP Faisal Al-Kandari has criticized the Ministry of Commerce and Industry for its alleged failure to control prices of consumer goods, stressing the need for everyone to stand firm against the unjustified price hikes. He called for intensified efforts to control prices, especially since the Ministry …

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Study on for Petrol ‘rise’

KUWAIT CITY, Oct 25: A proposal is being currently studied to increase the prices of petrol by 70 to 90 percent, reports Al- Qabas daily quoting reliable financial sources. The same sources said a special committee has been formed to study the possibility of reducing subsidy gradually to bring the …

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No reduction expected in food prices soon: minister – ‘High rates not linked to oil prices’

KUWAIT CITY, Oct 22: Minister of Commerce and Industry Dr Yousef Al-Ali says the ministry is not expecting the prices of foodstuff to reduce in the near future, reports Al-Kuwaitiah daily. On the sidelines of the inaugural event of Huawei Technologies Company in Kuwait, he affirmed that there are no …

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