The UAE government has introduced a new regulation to curb price hikes during the holy month of Ramadan in Dubai. Retailers found unfairly increasing prices on essential items may face fines up to Dh100,000.
Key Details of the New Pricing Policy
- Implemented starting January 2025.
- Targets price manipulation on nine essential goods.
- Consumers are encouraged to report any unjustified price increases via official complaint channels.
Objectives and Enforcement
The policy aims to:
- Protect residents from exploitation during Ramadan.
- Maintain affordable prices for all consumers during this significant period.
The authorities have pledged to monitor markets closely and act swiftly against violators. Retailers are strongly advised to adhere to the rules to avoid severe penalties.
Broader Implications
This measure is part of broader efforts to ensure:
- Economic stability in the UAE.
- Consumer rights protection.
- Fair trade practices.
Ramadan in the UAE is traditionally a time of generosity and community spirit. The strict fines are intended to preserve these values by preventing price gouging during this period.
The public has largely welcomed this announcement as a positive step towards safeguarding consumers.
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