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There will be no drastic hikes of prices - minister

KUNA Wednesday, August 31, 2016

Minister of Commerce and Industry Dr. Yousef Al-Ali affirmed on Tuesday that enforcing new fuel prices as of September 1st would not "affect prices of all basic commodities."

Any unjustified bid to raise the commodities' prices in the foreseeable future "will be met with firm measures by the ministry inspectors," he said explicitly warning wholesale and retail merchants and businessmen against hiking products' prices at pretext that fuel costs have become larger.

In Al-Seddeeq district alone, the inspectors issued 372 citations related to trade fraud, expiry date and unreasonable hike of the rates, he said, "Till this moment, there has been no significant raise of the (necessities') prices, except for some cases," he added, re-affirming violators have been referred to the commercial prosecution.

The ministry staff, including those entrusted with trade supervision and consumer protection, have been working diligently to withstand unflavored drastic hike of basic products' prices.

He urged citizens to call the hotline, 135, to report any breaches.


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Wilson
Wednesday, August 31, 2016
We must remember that it is second time hiking the price of fuel in 24 years since I came to Kuwait during 1992.

VNV
Wednesday, August 31, 2016
Honestly I don't understand the logic or economics when fuel prices go up prices of all commodities and services will go up. Its a basic of economics how can the ministry stop it unless there is a subsidy. The price hike will take place for logistics as well as commodities in few months and it will affect both locals and expats equally. Therefore tighten your belts.

Mohamed
Wednesday, August 31, 2016
Our simolesimple expectation is all are increasing what about salary..... No answer because we are like slave...

Leo
Wednesday, August 31, 2016
It is the second time,Kuwait has increased it's fuel prices.They don't want South Asian people live in this country with happiness.

angel
Wednesday, August 31, 2016
Really this will affect all expats. really !!!

mzzmwagle
Wednesday, August 31, 2016
Still I love u Kuwait as you have increased the 1st time time after my arrival to kuwait 1999 thank u

Assar
Wednesday, August 31, 2016
One minister says no drastic hike in prices other minister already signed big increase in bus & taxi fares. Petrol already increased . Water & electricity to be increased soon. Not to worry - expats are rich (joke).

Humanist
Tuesday, August 30, 2016
How does this work ? What are the list of basic necessities whose prices will not be impacted.

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