Council of Ministers reviews increase in prices of commodities
MUSCAT — In the light of the great attention given by His Majesty Sultan Qaboos bin Said in ensuring the welfare of all the citizens and in a bid to cope with the current global economic developments and their direct impact on the prices of some commodities in the local market, the Council of Ministers yesterday held a meeting to study the different aspects of these phenomena. The council discussed the possibility of identifying some practical solutions that could alleviate the impact of such phenomena on citizens and expatriates. The Council of Ministers also reviewed the external and internal causes for the price rise in some commodities and how to deal with them in the near future, taking into consideration the interest of the consumers, traders and external forces.
While the government follows with concern the global economic changes, it assesses the positive and negative impact of such economic changes. The cooperation of the citizens with the government in understanding the nature of such developments is an important step towards handling and alleviating the impact of such changes. In this connection, the Council of Ministers has decided to set up a ministerial committee to be headed by the minister of national economy and deputy chairman of the Financial Affairs and Energy Resources Council with the minister of fisheries, the minister of commerce and industry, the minister of agriculture and chairman of OCCI as members to alleviate the impact of these phenomena.