Local News

The government sets price ceilings for reinforcing steel and black cement

Amman Today

publish date 2022-03-23 19:28:01

Jordan News

The Minister of Industry, Trade and Supply Youssef Al-Shamali decided today, Wednesday, to set price ceilings for black cement at 87 dinars per ton on factory land and 98 dinars for consumer/trader land, as of tomorrow, Thursday.

Also, price ceilings for rebar, tension 60, were determined by 720 dinars on the factory land, and the consumed selling price was 750 dinars per ton.

The two decisions were taken based on the provisions of Article (7) of the Industry and Trade Law No. (18) of 1998 and its amendments, and in reference to Cabinet Resolution No. (6227) dated 3/20/2022, which includes authorizing the Minister of Industry, Trade and Supply to take legal measures and the necessary and guaranteeing measures. To maintain competitiveness and prevent any practices that prejudice it, taking into account the legitimate profit margins for traders, industrialists and workers in different sectors, and to take any other measures, including permitting imports and setting price ceilings for goods whose prices are unjustifiably high and in accordance with the provisions of the law.

The price ceilings for these two articles include sales tax and represent the upper limit, and competition takes place without it.

Prices will be monitored, analyzed and reviewed periodically, and the appropriate decision will be taken.

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Jordan News

Source : اخبار الاردن

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