Coronavirus prevention: 11 pharmacy shops caught in excessive pricing of sanitisers, masks, gloves

Written by  MBC Online

The Competition and Fair Trading Commission (CFTC) on Monday ordered 11 pharmacy shops in Lilongwe and Blantyre to immediately cease and desist from excessive pricing of products used as cure or treatment for the Coronavirus.

Excessive pricing: 11 pharmacies in Blantyre and Lilongwe  charging more for masks, gloves and sanitisers. Excessive pricing: 11 pharmacies in Blantyre and Lilongwe charging more for masks, gloves and sanitisers.
23
March

CFTC, which issued the order, said in a statement the products are hand sanitisers, face masks and gloves.

 

Six of the shops are in Lilongwe and five in Blantyre. The shops were not named.

 

CFTC said the order follows a market inspection it conducted from March 20-23 to assess compliance with consumer protection laws in relation to pricing.

 

“The Competition and fair Trading Act and the Consumer Protection Act make it mandatory for enterprises to price their products in a manner that is fair, reasonable and conscionable,” the CFTC said.

 

The Commission said during the inspection, it found that these pharmacy shops had raised prices of basic medical supplies used in the prevention of the Coronavirus by margins ranging from 100% to 400%.

 

“This conduct creates terms and conditions of trade which are unfair, unreasonable, oppressive and unconscionable to consumers. This is a serious infringement of the Competition and Fair Trading Act , Cap 48:09 of the Laws of Malawi and Consumer Protection Act, Cap 48: 10 of the Laws of Malawi,” the Commission said.

 

The Commission warned that any pharmacy shops that will not comply with the orders will face stiff sanctions.

 

The cease and desist orders follow a stern warning issued by the Commission on March 18 against enterprises engaged in excessive pricing and deceptive practices.

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