BUSINESS, NATIONAL, DILI

Two supermarkets commit price speculation of basic consumer products

Two supermarkets commit price speculation of basic consumer products

Photo/Special

DILI, 12 january 2023 (TATOLI)— Sanitary and Food Activities Inspection Authority Public Institution (AIFAESA.I.P), will process the owners of two supermarkets for the speculation of market prices, of basic consumers products to the public prosecutor.

General Sub-inspector of AIFAESA, Dionisio Neto da Silva said the two distributor companies’ names are on the lists.

“We must collect the invoice from two companies to prove that their products arrived in 2023 because no price speculation allows for the old products,’’ General Sub-inspector of AIFAESA, Dionisio Neto da Silva told TATOLI Agency, via phone, thursday.

Neto explained that the two companies have manipulated the price of sugar and soft drinks, the cost of sugar increased to

$43.00 up to $80.00, and included soft drinks at the previous price of $.6,50 up to $.18.00. We inspected the previous price of 2022 not the new goods in 2023.

According to Neto, the companies that have the name on their lists for price speculation will be processed following the government decree law number 29/2011 20 of June for the fixed prices.

” AIFAESA, I.P. will process the two minis supermarket as food distributors based on the government decree laws number 29/2011 20 of June for the fixed prices. The law is not allowing the increasing price not up than 10% to 15%, which is engaged to laws number 4/2011 for the capital embracement crime on speculation which is forbidden for the old stock prices. based on this law, the two companies committed the price gauging, “

According to Neto, the public prosecutor has the authority to accuse the suspect and process to the court to judge on sentence for any the punishment for providing a sentence or even sending them to prison.

“ In our part, we just take some decision on administration sentence on expired products and license product based on the decree law number 23/2009 focused on Administrative infarction regime against the economy and food security,’’ he explained

At the same time, Neto also urges customers and communities who purchase necessities with a price increase to inform AIFAESA and the relevant authorities

According to Neto, AIFAESA has conducted inspections in seven shops of the seven, five supermarkets have a normal price on the basic consumer products however another two supermarkets have committed price gouging.

 

Journalist: José Belarmino De Sá

Editor: Nelia B.

iklan
iklan

Leave a Reply

iklan
error: Content is protected !!