Riyadh: Saudi Arabia has tightened market controls to control price rises. Following the directive of the Saudi Crown Prince Mohammed bin Salman, the inspection in the Saudi market has been strengthened to control the price rise.
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The ministry informed that the prices of more than 7,400 products have been checked in the last 24 hours. The Minister of Commerce stated that the reason for the increase in prices is the high cost of imports. He also informed that hoarding and black market will be stopped.
The authorities explain that the inspection is being conducted with the aim of controlling the price and ensuring the abundance of product suppliers.