MOSA Affirmed That There Is No Extraordinary Increase In Prices Of Commodities During Ramadan
Category: Kuwait
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Minister of Social Affairs and Labor, and State Minister for Economic Affairs Hind Al-Sabeeh affirmed that there is no extraordinary increase in prices of commodities at cooperative societies in the advent of the month of Ramadan.

In response to a parliamentary question, Al-Sabeeh explained that the Ministry of Social Affairs and Labor revised the budgets of cooperative societies and discovered that the sales rate in 2016/2017 was higher than that of 2014/2015.

This disproves the claims that shareholders have abstained from buying from cooperative societies. She revealed that the ministry formed a committee which recorded the prices of commodities before the decision to increase the fuel prices was enforced, and they then compared them with the prices after the decision was enforced. She affirmed that there were no unwarranted differences in the prices.

The minister said Article 8 of the ministerial decision No 16/2016 regarding organizing cooperative societies’ work obligates the board of directors of each cooperative society to form three committees including a purchase committee which is responsible for take necessary steps for ensuring price control in favor of the public. She revealed that the ministry implemented a number of processes in September 2016 including cancelling the involvement of agents and brokers, and identifying the outlets for vegetables and fruits with which the cooperative societies will deal with directly.

 

SOURCE : ARABTIMES

09 May, 2017 0 347
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