Retailers blame mark up prices on high transport costs

Price Controller Marokon Alilee has expressed his concern over the prices being charged for basic commodities throughout the country.

A recent visit to Lakatoro, Malekula revealed that retailers are blaming high transport costs therefore mark ups on basic commodities are high. This situation is uniform throughout the main centres of other provinces.

The Price Controller understands that fuel prices have not increased dramatically recently, therefore transport operators should not hike up their prices.

Additionally, the recent 2.5% VAT increase is not a good reason to charge extra high transport costs.

In related news, the Price Control Bureau will soon release the first list of items which are to be controlled.

This list comprise of the basic commodities which the population of Vanuatu use daily. It is being compiled with the assistance of the Statistics department and includes some of the items the Statistics Department uses in their Household Surveys.

Major big businesses in Port Vila are being notified in the next coming days of the exercise by the Price Control Bureau and are being requested to cooperate with the Price Control Bureau to start setting and monitoring of the first list of controlled items in Vanuatu.

Traders are also asked to have ready all documentations relating to wholesale and retail pricing structures, for verification by the Price Control Bureau staff.

A template will be forwarded to all traders in advance for traders to use for their submissions to the Price Control Bureau.

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