Aug 01 2011 |
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UAE: Price checks on in Capital
By Anwar Ahmad ABU DHABI - On the onset of the holy month of Ramadan, the Ministry of Economy's Consumer Protection Department continued inspections at hypermarkets, supermarkets and groceries to ensure that commodities are sold at the fixed prices of the ministry.During Sunday's inspection, the ministry officials checked the prices of a number of products at the Abu Dhabi Cooperative Society ( ADCS ).
The ministry warned retailers at groceries not to sell commodities at higher prices, which they buy from hypermarkets at cheaper rates and asked hypermarkets to sell commodities in pieces and not allow such retailers to buy in bulk from hypermarkets.
On advent of Ramadan, a team of inspectors from the Ministry of Economy inspected a hypermarket of ADCS where over 40 products are sold at ministry's fixed prices. Dr Hashim Al Nuwaimi, Director of Consumer Protection Department at the MoE, said: "I did not find any violation here but I found this cooperative most cost effective as compared to other supermarkets."
Talking to Khaleej Times, Faisal Al Arshi, Deputy General Manager of ADCS , said: "We have 40 products whose prices fixed by the ministry and their rates are displayed on the notice board at the entrance. This would continue till the end of this year."
"Around 265 products, we are selling at buying prices, (not cost price because it involves other expenses) from March 2008 in all our hypermarkets in Abu Dhabi," Al Arshi said.
"We have promised our customers to sell these essential products at buying prices. We have 10 hypermarkets in Abu Dhabi," Al Arshi said.
Ramadan is very important season for us commercially and religiously, so we are trying to release the pressure from our consumers in buying products, he said.
"We cannot specify that how much prices have gone down this year as compared to last year, but the slashed rates this year could range between 10 and 25 per cent on various products," Al Arshi said.
© Khaleej Times 2011
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