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3 Fuel Traders Caught Hoarding by Fijian Competition and Consumer Commission, Face $50,000 Fines

Hoarding is the stocking up of items for which a price increase is expected which unscrupulous traders plan to sell at the higher price for profits.
17 Jul 2019 12:36
3 Fuel Traders Caught Hoarding by Fijian Competition and Consumer Commission, Face $50,000 Fines

The Fijian Competition and Consumer Commission (FCCC) teams which were monitoring fuel and LPG traders around the country have caught 3 fuel traders breaching the FCCC Act 2010.

Teams were monitoring traders following the recent fuel price increase to ensure that traders do not hoard fuel products.

Hoarding is the stocking up of items for which a price increase is expected which unscrupulous traders plan to sell at the higher price for profits.

“Out of the 212 traders inspected only 3 were found to be non-compliant with requirements under the FCCC Act (2010). They were found to be either selling above the maximum price, failing to indicate prices or were hoarding fuel products,” said FCCC Acting CEO, Senikavika Jiuta.

“Any trader found in breach of FCCC Act 2010 will be dealt with harshly to prevent repeats of offenses and to set an example to those who may be considering similar actions.”

Ms Jiuta reiterated that Section 87G of the FCCC Act 2010 states that “a person who is in possession of goods for mercantile purposes must not destroy or hoard the goods or refuse to sell the goods or make them available for sale if the destruction, hoarding or refusal is done to charge a price higher than the price it is normally sold at a time convenient to the person or immediately before the higher price is fixed.

Feedback: rosi.doviverata@fijisun.com.fj

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