Sunday, 12 October 2008 |
updated 1 minute ago
10:49 UAE time

YOUR DIRECTORY /

Retailers warned over Ramadan price hikes

by This email address is being protected from spam bots, you need Javascript enabled to view it on Monday, 23 June 2008

RETAILERS WARNED: The Economy Ministry has told shops not to exploit consumers during Ramadan. Picture for illustrative purposes only. (Getty Images)

The UAE Ministry of Economy has told retailers not to raise their prices during Ramadan as the government looks to limit the impact of soaring prices on consumers.

Retailers must help preserve prices and not exploit customers during Ramadan, newswire Bloomberg reported, citing Under Secretary Mohamed Ahmed Bin Abdulaziz Alshihhi.

The Economy Ministry has signed agreements with supermarkets including Carrefour to fix the prices of basic commodities to help curb inflation, Bloomberg said.

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