Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Inspectorsseize 40000substandardcar oil filters  Join our daily free Newsletter

MENAFN - Arab News - 06/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Ministry of trade inspectors seized 40000 substandard car oil filters in a raid on wholesale shops in south jeddah resulting in the closing of 15 shops and warnings issued to 20 others.

ateyya al-zahrani head of the trade ministry department in jeddah said that the shops were violating the price code by doubling the products' prices.

car service shops in jeddah began raising the cost of car oil filters following the rise in engine oil prices. customers complained of the price hike saying that the shops were offering low quality products at high costs. they also expressed annoyance at the sellers' greediness and appealed to authorities to take action.

khaled al-jahni said the car service stores are operating without a deterrent mechanism allowing them to push the prices of car essentials. 'the workers agree together to raise the prices taking advantage of the lack of a mechanism to prevent them from tricking customers" he said. he added that store owners were making 100 percent profit on poor quality goods.

ali khan a salesman in one of the car service shops said that some shops deceive customers into buying products which they claim are made in saudi arabia but are in fact made in china and of low quality. 'most customers don't want to buy chinese products which is why they are repacked to look like national products" khan said.

al-zahrani called on customers to verify the car oil filter's quality and type by reading the label on the package.

hamza radwan found engine oil in a wholesale shop being sold at sr6 a bottle whereas he usually buys them at sr 20-25 apiece. 'seeing the low price i bought a big box of the engine oil and when i confronted the shop owner he gave me a bill proving that the bottle cost sr25" he said.

al-zahrani said of the purchase: 'i don't know if the bill is verified or if the workers have got together to agree on a price."

at present there are two national companies which manufacture engine oil but their supply does not meet the saudi market's demand. besides they are struggling with high production costs.


 






  MENA News Headlines
 Aug 28 2014 - HE Deputy Prime Minister to Participate in Alliance of Civilization ForumQatar News Agency
HE Deputy Prime Minister Ahmed bin Abdullah Al Mahmoud left Doha on Thursday to go to Indonesia, in order to participate in the Sixth Global Forum of the United Nations Alliance of Civilizations ...

 Aug 28 2014 - KPC signs 2bn worth oil supply deal with PetronArab Times
(MENAFN - Arab Times)  MANILA Aug 27 (KUNA): The state-owned Kuwait Petroleum Corporation (KPC) signed Wednesday a USD 2 billion-worth crude oil supply contract with Petron Singapore Trading ...

 Aug 28 2014 - Kuwait- KPC signs 2bn worth oil supply deal with PetronArab Times
(MENAFN - Arab Times)  MANILA Aug 27 (KUNA): The state-owned Kuwait Petroleum Corporation (KPC) signed Wednesday a USD 2 billion-worth crude oil supply contract with Petron Singapore Trading ...

 Aug 28 2014 - Saudi- Prince Alwaleed gives cash incentive for Hilal playersArab News
(MENAFN - Arab News) Prince Alwaleed bin Talal chairman of Kingdom Holding Company (KHC) awarded each player of Al Hilal SR20000 after the Riyadh-based football club qualified for the semifinals of ...

 Aug 28 2014 - Aid convoys trundle into Gaza as cease-fire holdsArab News
(MENAFN - Arab News) GAZA CITY Palestinian Territories: Life in Gaza resumed some semblance of normality Wednesday as a long-term truce took hold following a deal hailed by Israel and Hamas as ...

 Aug 28 2014 - Israel Hamas declare victory in Gaza warArab News
(MENAFN - Arab News) JERUSALEM: Both Israel's prime minister and Hamas declared victory Wednesday in the Gaza war though their competing claims left questions over future terms of their uneasy peace ...

 Aug 28 2014 - Saudi- SAMA net foreign assets rise to SR2.747 trillionArab News
(MENAFN - Arab News) JEDDAH: Saudi Arabia's M3 money supply growth accelerated to a three-month high of 13.2 percent year-on-year in July from 12.3 percent in the previous month central bank data ...

 Aug 28 2014 - Riyadh industrial sector records bullish growthArab News
(MENAFN - Arab News) Riyadh's industrial manufacturing sector showed solid performance over the last year up to the second quarter of 2014 as strong demand fundamentals combined with increased public ...

 Aug 28 2014 - Saudi- Energy waste costs local economy SR135bn annuallyArab News
(MENAFN - Arab News) Although the Kingdom has the largest oil reserves in the world and occupies the fifth place in terms of natural gas reserves yet according to a report by oil specialist the ...

 Aug 28 2014 - Saudi Kingdom's SMEs hold stronger outlook for Q3Arab News
(MENAFN - Arab News) Dun & Bradstreet South Asia Middle East Ltd (D&B) in association with the National Commercial Bank released the D&B Business Optimism Index (BOI) survey for Saudi ...

more...


 






Google

Live Currency Rates

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help