By Sara Scott
Economy ministry clarifies it has not approved any move to raise the prices of water bottles
The UAE’s Ministry of Economy has warned water dealers they do not have permission to overcharge and those who do will face steep penalties.
The ministry has threatened dealers with fines of between AED5,000 and AED100,000 ($27,225) for those who hike the price of bottled water, Emirates 24/7 website reported on Monday.
The move is in response to reports that said dealers had requested permission to raise bottled water prices and that permission had been granted, it added.
“The committee has not approved any move to raise the prices of water bottles… it has not received any request in this regard and it will not allow any water bottling company to raise the prices, since water is an essential commodity and requires official consent for any price rise,” said the statement released by the committee.
Many restaurants in the region rein in profits from the extortionate pricing of bottled water; mark-ups of up to 2,000 percent have been noted in the UAE.
Great article! I'm glad someone brought this to the attention of the public.. Certain hotels in the area charge unto Aed.25 for a small bottle of water which will cost Aed.1 in any gas station. "pure" daylight robbery (pardon the pun..)!