MUSCAT — In a statement, the Authority said that iron prices in local markets recorded an increase of no more than 12 percent between February and May 2026, while cement prices rose by 18 percent during the same period.
The Authority explained that fluctuations in building material prices, including locally manufactured products, can occur periodically due to supply and demand dynamics, changes in import and shipping costs, raw material production expenses, and broader economic developments affecting regional markets.
It noted that such price movements are usually temporary and linked to changing regional conditions.
The Authority also confirmed that it has intensified inspection and monitoring campaigns across markets in Oman to prevent any exploitation of the current situation. These efforts, it said, resulted in the detection of several violating establishments, against which legal measures have been taken in accordance with applicable laws and regulations.
The Consumer Protection Authority reaffirmed its commitment to continuing strict market oversight and called on suppliers and traders to maintain transparency and comply with regulations.
It also urged consumers to report any violations through official channels and advised the public to verify information before sharing it on social media, stressing the importance of relying on official and credible sources for accurate data.