(MENAFN - Muscat Daily) The Public Authority for Consumer Protection (PACP) has issued a list of basic commodities, the prices of which cannot be raised without the consent of concerned authorities in the sultanate.
The products included in the list are rice, flour, cooking oil, clarified butter, sugar, salt, tea, coffee, lentils, beans, groundnuts, chickpeas, barley, tomato sauce, toothpaste, laundry soap, fresh and frozen meat, fresh and frozen chicken, condensed milk, powdered milk, and other dairy products like fresh milk, buttermilk, cheese and butter.
A press release stated that prices of products not included in the list will, however, depend on supply and demand.
The decision comes in line with the Council of Ministers meeting in March this year regarding amendments to the Consumer Prection Law. In this regard, the Council had said that the Committee of Food Security will review this list annually. The amendment comes after PACP's controversial decision 12/2011 which had banned increase in prices of commodities.
Keeping that decision in mind, the Oman Chamber of Commerce and Industry had released a study on the economic implications of the government's decision in determining the prices of commodities and services in September 2011.
The study showed the negative impacts of restricting the prices of commodities in the local market. It further added that such policies adversely affect the market.
PACP has circulated the new list of commodities in all governorates so that the decision of the Council of Ministers can be implemented and the rights of the consumers protected.