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Sunday , October 17 2021

Check on markets as shopowners sign pledge not to hike food rates

‘Review decision on ‘movement’ of people’

KUWAIT CITY, May 6: Director of the Technical Authority for Supervising Goods and Determining Their Prices in the Commercial Control and Consumer Protection Sector at the Ministry of Commerce and Industry Faisal Al-Ansari said the administration has an annual plan to follow up and monitor prices, indicating that in the event of any artificially raised prices, the administration writes to the concerned departments in the commercial supervision and consumer protection sector to take the necessary action, reports Al-Anba daily. Al-Ansari told the Al-Anba daily the administration monitors the prices of 130 basic commodities and 94 commodities that are currently in high demand and focuses on central markets, cooperative societies, meat and dates sales, mills, roasters and other activities that are currently in high demand, warning store owners not to exploit the seasons to raise prices.

He noted store owners were made to sign pledges not to raise prices, either during or after the blessed month of Ramadan, and that any shop that raises the price will face legal measures, adding that pledges have also been taken from the owners of electronic devices stores not to raise the prices of laptops and devices that are popular and are expected to be purchase by schoolchildren.

With regard to building materials, Al-Ansari stated that in the event of any new residential area being constructed, the administration prepares a study on building materials prices to keep in check artificial rise in prices, especially as the ministry is keen to ensure that prices are stable in the local markets. He said the authority is ambitious to link with cooperatives and central markets to know the prices of imported goods in the country of origin, pointing to work to provide an information base to monitor the availability of subsidized goods in the markets and ensure that they are not smuggled out of the country.

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