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Wed 31 Aug 2016 10:53 AM

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Kuwait says no hike in price of commodities as fuel prices set to rise

Retailers who increase prices will face penalties, says ministry

Kuwait says no hike in price of commodities as fuel prices set to rise
Kuwaiti Minister of Commerce and Industry, Yousef Al-Ali. (Getty Images)

The introduction of higher fuel prices in Kuwait will not affect prices of basic commodities, said the Minister of Commerce and Industry Yousef Al-Ali.

He warned retail outlets that any attempt to raise prices on unjustified grounds “will be met with firm measures by ministry inspectors,” reported KUNA state news agency.

Al-Ali said any price increase would require approval by the Ministry of Commerce first. He urged residents to use the hotline 135 to report any violations.

“It is the citizens’ right to complain and inform the ministry if anyone raises prices. The complainant must prove the increase with a receipt. Then the ministry [will] decide whether the seller had the right to raise the price or not,” he said, adding that the government will apply law 10/79 and its penalties against offenders.

In August this year, the ministry issued 372 offences, however, only 11 were related to raising prices.

The rest of the offenses included failing to label products’ prices or expiry dates.

“Till this moment, there have been no significant increases in [commodities’] prices, except in some cases,” said Al-Ali.

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