MC: Intensive inspection rounds to monitor commodity prices Kingdom-wide

05 Jul 2022


In order to carry out the directives of HRH Crown Prince Mohammed bin Salman bin Abdulaziz, Deputy Prime Minister and Chairman of the Council of Economic and Development Affairs, the Ministry of Commerce has continued its wide-scale inspection campaign that has been launched throughout the Kingdom to monitor the prices and availability of products in markets and protect consumer rights. 

The orders were given at a meeting held by the Council of Economic and Development Affairs. 

The inspection teams conducted more than 7,400 monitoring operations of food commodity prices over the course of the last 24 hours in various regions of the Kingdom, emphasizing that any instances of manipulation or cheating will be sternly dealt with. 

In order to promote free competition for the benefit of the consumer, intensive inspection visits aim to keep a close eye on prices, continuously monitor product availability, ensure they are provided by many suppliers and have alternative commodities.  

The Ministry is keeping a close eye on 217 essential food commodities by using an electronic system to track their prices throughout the Kingdom, comparing them to prices in neighboring nations, and monitoring anything that affects supply and demand. 

The Ministry's inspection tours cover all markets, shops, and other commercial outlets throughout the Kingdom. Any commercial violation discovered will be subject to legal penalties and violators will face severe legal consequences. 

The Ministry affirms that consumers are partners in reporting commercial violations and urges all consumers to report any price manipulation practice using either the "A Commercial Violation Report" app or the unified number (1900).

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Last Modified 07 Jul 2022