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Kuwait MoCI warns against unjustified pries hike

Business Kuwait City 13 Mar 22
Kuwait MoCI warns against unjustified pries hike
Kuwait commerce ministry warns against unjustified and unreasonable hike of prices.
Fee
Event Location
Kuwait, Kuwait
Area
Kuwait City
Start Time
13 March 2022, 12:00 AM
End Time
31 March 2022, 12:00 AM
Website

The Ministry of Commerce and Industry on Thursday warned that firm legal action would be taken against any commodities’ dealer who would raise prices drastically.

The ministry said in a statement to KUNA that law would be applied on offenders. They would be referred to the concerned authorities and their businesses would be shut instantly after discovering the unjustified hike of the necessities’ prices.

The ministry inspection teams have been spread across the local markets to monitor the pricing.

The ministry warned traders that it would not be slack or complacent with respect of any bids by dealers to make customers sustain heavy prices.

Earlier, the ministry also urged citizens and expatriates to report any “illogical” hike of commodities’ prices via the hotline 135, stressing that companies and commercial stores must adhere to the set trading rules.

Kuwait MoCI warns price hikeKuwait MoCI updates 2022



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