Commerce Ministry Cracks Down On Price Manipulation

As the holy month of Ramadan approaches, the Commercial Control Department at the Ministry of Commerce and Industry has launched intensive inspections across markets and shops in Kuwait. These inspections aim to maintain market stability, prevent price manipulation, and protect consumer rights.

Objectives of the Price Inspections

The Ministry has outlined key objectives for these inspections:

• Ensuring price stability by monitoring fluctuations and enforcing compliance with pricing regulations.
• Preventing price manipulation and unethical profiteering amid increased demand during Ramadan.
• Protecting consumer rights by ensuring the availability of essential goods at fair prices.

Government's Commitment to Consumer Protection

The Kuwaiti government remains dedicated to safeguarding consumers from unjustified price hikes. By closely monitoring businesses, authorities aim to deter retailers from exploiting the seasonal surge in demand. The Commercial Control Department has urged businesses to comply with pricing regulations and avoid deceptive practices.

Role of Inspections in Market Regulation

Regular inspections play a vital role in:

• Identifying violations and imposing penalties on non-compliant businesses.
• Ensuring sufficient stock levels to meet consumer demand.
• Monitoring the quality of products to uphold health and safety standards.

Consumer Awareness and Reporting Mechanisms

Consumers are encouraged to report any cases of unjustified price hikes or fraudulent activities. The Ministry has set up hotlines and digital platforms where customers can file complaints, ensuring swift action against violations.

By maintaining transparency and accountability, the Ministry aims to create a fair and stable market environment during Ramadan.