More than 50,000 food and non-food products will have a cap on their prices of throughout the holy month of Ramadan said The Ministry of Economy and Commerce yesterday in its latest initiative, in cooperation with shopping malls and large retail outlets.
Under the theme “#Aqal_Min_Al_Wajeb”, the price caps are the latest in a series of initiatives launched by the Ministry of Economy and Commerce to mark the holy month. The Ministry’s hopes to maintain balanced and stable prices, and prevent any unjustified increases in the prices of commodities and consumer goods.
The list freezes prices of various food and non-food items, including poultry, eggs and their derivatives, frozen meat and its derivatives, milk (fresh, condensed and powdered).
The list also includes dairy products, tea, coffee products, sugar, Halawa, jam, legumes, cereals, rice and its derivatives, biscuits, potato chips, mineral water, fresh and canned juices, canned food, edible and cooking oil, milk, baby food, baby diapers and sanitary napkins of all kinds, personal hygiene products and household detergents, tin paper, preservatives, tissue paper, and household items of all kinds.
The Ministry advised all retail outlets and shopping malls across the state to maintain stable prices on food and non-food items and refrain from increasing prices. And should not make any changes without recieveing the approval of the committee that sets price caps and profit margins in line with article 2 of Ministerial Decision Number (8) of 2013, which regulates price hikes on commodities and services.
The Ministry has stressed that it will not tolerate any violations of the Consumer Protection Law and its regulations, and will intensify its inspection campaigns to crack down on violations.