By: Huda Farhan
Ministry of Industry and Minerals announced the adopted rules of its products prices. A spokesman at the Ministry clarified to MIM information bureau that the current mechanism of prices includes many kinds such as market mechanism prices that are affected by local market where the company fixes the price according to local market prices minus 10% for competition like (Textile, Food, Tiers, Batteries, Electric Industries), another kind is prices according to production cost plus profit margin for products that have no similar once like electric meters and capacity and distribution transformers and purification station this kind depend on bursa prices. He added that there are mediator materials to support other products like (caustic soda, sulfuric, hydraulic acids and steel balls) that are sold to sister companies on bases of productions costs plus profits margin.
