17 December 2017 09:32 PM

Minister: Reserves of strategic commodities cover up to 4 months

Friday، 17 February 2017 - 03:43 PM

Supply Minister Ali Al Moselhi said on Thursday 16/02/2017 the stocks of strategic goods and commodities are stable and safe to cover around four months of consumption.

Addressing a press conference, the minister said the state's subsidy system would be re-evaluated.

A study would be made on the system to identify its pros and cons, he said, adding a new mechanism for domestic trade would be developed to control markets.

He described the timing as 'critical', calling for efficiently directing subsidy for the people who need it.

MENA

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