site.btaCommission for Consumer Protection Checks Oil Traders for Profiteering

The Commission for Consumer Protection (CCP) has carried out more than 350 inspections at retail outlets to determine whether retailers are selling oil at preannounced consumer prices, the CCP said on Monday. This includes goods on different types of promotions.

The CCP also takes into account the quantities of deliveries and will impose fines on traders who aim to attract customers to their stores without providing the requested quantities of goods at promotional prices.

If concerted retention of quantities of oil by producers and traders is established, while sufficient quantities are being produced and stocked, there will be subsequent penalties, according to the control institution.

We are witnessing organized actions aimed at manipulating the market and causing panic, Deputy Prime Minister and Minister of Finance Assen Vassilev told bTV on Sunday, commenting on the queues for oil and gasoline over the past few weeks.

Data from the state commission on commodity exchanges and markets (DKSBT) today show that a litre of sunflower oil is traded at a wholesale price of 4.66 leva per bottle.