Office of Fair Trading crackdown

in Business Insight

A dim view has been taken by HMGoG and the Office of Fair Trading on potential profiteering by retailers during the COVID-19 crisis.

The Office of Fair Trading (OFT) is monitoring the prices of certain goods which have experienced heightened demand. This is in response to a number of complaints from members of the public regarding pricing of the likes of hand sanitiser, medicines and vitamins and toilet paper and so on.

The Minister for Business, Tourism and Transport the Hon. Vijay Daryanani said, “This is not the moment for businesses to take advantage of the situation. We live in unprecedented times, and we need to show consideration towards our people. Our business community will start prospering again. In the meantime, we need to stick together and be patient.”

The OFT is inviting Gibraltarians to continue to send information on suspected pricing abuse by traders to consumer.protection@gibraltar.gov.gi or calling 200 71700.

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