In order to control unwanted price increases and maintain a competitive and clean market, major producers, importers, and distributors of food and oil have been instructed to provide their goods or services without taking unfair profits and to provide relief to consumers by adjusting unnatural price increases.
What you should know
The Department of Commerce, Supplies and Consumer Protection has been instructed to provide relief to consumers by adjusting the natural price increase of essential commodities including edible oil, gas and rice.
The department issued a press release on Wednesday and directed food and oil producers, major importers and distributors to provide their goods or services without taking unfair profits.
'In order to control the unwanted price increase and maintain the market competitiveness and market cleanliness, the major food and oil producers, major importers and distributors have been instructed to provide their goods or services without taking unfair profits and to provide relief to consumers by adjusting the unnatural price increase,' the statement said.
The department has always been committed to protecting the right of consumers to receive quality goods and services in accordance with the Consumer Protection Act, 2075 BS and the Consumer Protection Regulations, 2076 BS.
'For some time now, daily consumables such as cooking oil, gas and rice, including essential The department has drawn serious attention to the complaints received from consumers and the public media regarding the unnatural price increase and shortage of supplies,' the department said in a statement.
The department said that it is continuously monitoring the producers, sellers, importers, custodians and service providers of essential and daily consumer goods, firms and establishments, with the help of other competent bodies, and is working to make the market clean, competitive and consumer-friendly. It has also warned that some firms that act against the law will be fined according to the law.
