Three traders caught hoarding fuel products
July 17, 2019 1:05 pm
The Fijian Competition and Consumer Commission have caught three fuel traders breaching the FCCC Act 2010.
Teams were monitoring fuel and LPG traders around the country following the recent fuel price increase to ensure that traders do not hoard fuel products.
Acting Chief Executive Senikavika Jiuta says out of 212 traders inspected three were found to be non-compliant. They were found to be either selling above the maximum price, failing to indicate prices or were hoarding 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.
Jiuta says any trader breaching the law will be dealt with harshly to prevent repeats of offenses and to set an example to those who may be considering similar actions.