English | دری

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


Tags assigned to this article:
fuel prices in Afghanistan

Related Articles

Afghanistan to launch 4G internet soon

The Afghan Ministry of Communication and Information Technology (MCIT) announced that 4G (fourth generation) services would soon be launched in

The 4th ‘Made in Pakistan’ expo kicks off in Kabul

The fourth ‘Made in Pakistan’ exhibition has kicked off in capital Kabul and will continue until May 7. Organized by

Infrastructure projects completed in Kunar Province

23 infrastructure projects have been completed in Kunar Province. Funded by the National Solidarity Program of the Ministry of Rural

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.