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PNG Govt moves to Stop Price Gouging by Shops and Service Providers

The Papua New Guinea  Government is coming down hard on shops and business houses who have increased prices on basic essential goods and services that people need.

This follows complaints by members of the public that shops have hiked prices of certain basic necessities.                                                                                                               

Treasurer Ian Ling-Stuckey
In a gazettal notice yesterday, Treasurer Ian Ling-Stuckey declared that prices for all brands of rice, flour, sugar, and baby formula are controlled under the Price Regulation Act.

Other declared price-controlled goods are Klina, Waswas and all other similar brands of laundry bar soap, fuel, household battery, matches, hand sanitizer, disposable surgical masks, latex gloves and bottled water.

The other goods and services are all brands of cooking oil, tinned fish, Ox & Palm and all similar brands of tinned meat, Maggi 2 minute noodes and Indomie brands, Snax, Wopa, Em Nau, Totti and Beef Cracker biscuits, all brands of tea bags, household bleach, toilet rolls and airfares (domestic and international).                         

Mr Ling-Stuckey says any changes to the prices of these goods and services must only be within positive five per cent .

He says shops must ration goods and services adding all shops have a moral responsibility towards all consumers during this state of emergency.

He says any shops or business houses that do not comply with this declaration will be prosecuted by the Independent Consumer and Competition Commission with the assistance of the Controller of the State of Emergency.

This declaration is effective 22nd March and will remain in force until the end of the state of emergency.

Health Minister, Jelta Wong will also issue notices to shops and business houses tomorrow.


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