Consumer Protection Executive Regulation

Article 9 — Article (9) Handling Contingencies

1. In the event of a crisis or unusual circumstances leading to an abnormal increase in prices, temporary measures may be taken upon a resolution of the Minister to limit such increase and protect the rights of consumers, including: a. Determine the prices of the good or service in which the increase occurred; b. Prohibit the exportation of the good; c. Determine sales quotas; d. Encourage manufacturing or importing from alternative sources; e. Assign specific parties to import; and f. Any other procedures as decided by the Minister. 2. In determining what is considered an abnormal increase in prices, the following bases shall be taken into account: a. The rate of inflation in the country; b. The price of the good or service in previous periods; c. The prices range in the country and in neighbouring countries; d. The price of the good or service in the country and in neighbouring countries; e. The rate of increase percentage in the price of a good or service; f. The foreign currency exchange value at the time of importing the good or raw materials; g. Consumer complaints to the concerned authority; h. Increase in freight, transportation and insurance rates; i. High prices in the country of origin; j. High energy prices; and k. Extent of competition or monopoly according to the laws in force in the country.

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