Economic Minister Mohamed Saeed has said that the government will intervene if prices are increased during the fasting month of Ramadan.
Saeed was responding to a question on the measures taken by the government to address the problem of rising prices during Ramadan during the Ahaa (Ask) Forum last night.
He falsely claimed that last year's Ramadan was the first time in recent history that food prices were maintained. However, prices rose and some items were out of stock in Ramadan 2024.
He said the government plans to attend when the price increases in Ramadan this year and advised businesses not to increase the prices of basic items.
“I can assure you that we will be monitoring the prices very closely during the month of Ramadan. If prices rise, we will intervene," Saeed guaranteed.
He added that a council including private businesses has been formed to control prices during Ramadan.
With two weeks left until Ramadan, prices of some items are now rising. The price of powdered milk has skyrocketed with people expressing concern on social media.
The prices of vegetables and fruits are expected to rise this year as well.
