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Body being set up to control fuel prices

in Afghan Business

Body being set up to control fuel prices

A committee is being established to control and fix fuel prices and ensure its supply to the market in an organised manner, the commerce and industries minister said on Tuesday.

Anwarul Haq Ahadi told reporters in Kabul the proposed body would have representatives from the ministry, public sector and members of both houses of parliament.

The minister said they had no intention to create problems for traders, but wanted to ensure organised fuel supplies to the market and control the commodity’s price.

He added the committee would determine fuel rates in line with international market trends and domestic demand.

Under the Constitution, Afghanistan is following the system of free market economy. But the government reserved the right to intervene in market affairs in public interest, Ahadi explained.

Economist Ustad Massoud said the creation of the committee was crucial to control fuel prices. “Free market economy doesn’t rule out government intervention. Such a body will have positive results,” the Kabul University teacher said.

Source: Pajhwok News Agency by Abdul Qadir SiddiquionJun 5, 2012 – 19:10


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fuel prices in Afghanistan

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