Doha: The Cabinet of Qatar today approved a draft decision of the Minister of Commerce and Industry regarding the bases and rules for the increase in prices of goods and services.
Prime Minister and Minister of Interior, HE Sheikh Khalid bin Khalifa bin Abdulaziz Al-Thani chaired the regular Cabinet meeting today held at his headquarters in the Amiri Diwan.
The preparation of the draft decision replaces Article No. 8 of 2013 and in application of the provisions of Article 10 of Law No. 8 of 2008 on consumer protection, which prohibits the supplier from making any increase prices of goods and services. , without complying with the bases and rules laid down by decree of the Minister, and within the framework of accompanying economic and commercial developments and changes, and ensuring the efficiency and balance of the markets in such a way as to allow appropriate prices to all parties, be they producers, suppliers or consumers.
This decision is also in line with State policy aimed at preserving the purchasing power of private income, reducing the burden on them, limiting price increases and coping with any form of unjustified increase in the prices of goods and services, especially basic ones.