SUBSCRIPTION MONDAY, JANUARY 5, 2015 RABI ALAWWAL 14, 1436 AH www.kuwaittimes.net Expatriates Rouhani Australian Valencia bristle over urges end PM makes beat Real hefty fines, to Iran’s unannounced 2-1 to end mistreatment3 isolation7 trip to Iraq8 22-win20 streak Govt scrambles to contain Min 08º Max 21º fallout of canceled subsidies High Tide 13:12 & 23:31 Low Tide No hike in petrol, power prices • Price-gouging companies penalized 06:44 & 18:18 40 PAGES NO: 16393 150 FILS By B Izzak conspiracy theories KUWAIT: Rising diesel and kerosene prices following the removal of subsidies on Jan 1 have become the Predictions main issue in the country after a subsequent wave of price hikes and bakery strikes. The government has vowed to clamp down on violators. Commerce and and reality Industry Minister Abdulmohsen Al-Mudej said the min- istry went into action yesterday, penalizing at least 70 companies and shutting down 15 restaurants that raised prices under the pretext of the increase in diesel prices. Speaking at a joint press conference with the minis- By Badrya Darwish ters of finance and oil, Mudej said the companies will be referred to the public prosecution for further legal action as he vowed to take action against all companies that raise their prices or charges. A decision by the government to lift the subsidies on
[email protected] kerosene, diesel and aviation fuel came into effect on Jan 1 and lead to increases in the prices at some restau- rants, construction companies, Iranian bread bakeries, water tankers and others.