Doha: Qatar Cabinet today approved a draft decision of the Minister of Commerce and Industry regarding the bases and rules for the increase in the prices of goods and services.
The Prime Minister and Minister of Interior HE Sheikh Khalid bin Khalifa bin Abdulaziz Al-Thani chaired the Cabinet's regular meeting held at its seat at the Amiri Diwan today.
The preparation of the draft decision comes to replace Article No. 8 of 2013 and in implementation of the provisions of Article 10 of Law No. 8 of 2008 regarding consumer protection, which prohibits the supplier from making any increase in the prices of goods and services, without complying with the bases and rules issued by the decision of the Minister, and within the framework of keeping pace with economic and commercial developments and changes, and ensuring the effectiveness and balance of markets in a manner that allows suitable prices for all parties, whether producers, suppliers or consumers.
This decision also comes in line with the state's policy aimed at preserving the purchasing power of individuals' income, reducing the burden on them, limiting price increases, and addressing any form of unjustified rises in the prices of goods and services, especially basic ones.
