No price hike in Ramadan without MoE approval

No price hike in Ramadan without MoE approval

No price hike in Ramadan without MoE approval

(Abu Dhabi) – Suppliers and retailers cannot increase prices of essential consumer commodities during the holy month of Ramadan without written consent by the authorities, Minister of Economy H.E. Sultan bin Saeed Al Mansouri has said.
Presiding over a meeting of the Higher Committee for Consumer Protection, Al Mansouri said that even a slight increase in any goods price requires an approval by the ministry.
“The ministry will conduct inspection visits to the shops and restaurants throughout the holy month to ensure their compliance with laws and regulations pertaining to consumer protection,” he added.
Among the other topics on meeting’s agenda were the energy drinks and the efforts made by the ministry, in coordination with other concerned federal bodies, to put curbs on their sales and consumption.

Posted on Jun 29 2014. Filed under Business, Headlines. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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