Al-Shura reviews market stability efforts
The Economic and Financial Affairs Committee in the Sultanate discussed the efforts of the Ministry of Commerce and Industry and the Consumer Protection Authority to achieve stability in the local market and the availability of goods. This was done by reviewing the state of supply chains and the measures taken to enhance market readiness, including daily monitoring of stock levels and prices, and coordination between regulatory authorities and ports. The committee also addressed the impact of changes in energy prices and shipping costs on the market, as well as their effect on product prices and consumers' purchasing power. Emphasis was placed on regulatory efforts to control prices and protect consumers. Committee members raised questions about stock levels, supplies, rising shipping and insurance costs, and how these factors influence inflation and product prices.
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