Company found committing offence under Price Control Act

THE Department of Economic Planning and Development (JPKE), Prime Minister’s Office through the Department of Competition and Consumer Affairs has issued a compound of $500 to a company for an offence under Section 3B: Selling above maximum price set by Price Controller, under the Price Control Act, Chapter 142. This offence was found during a routine inspection to a business premises in Kampong Kiulap, Brunei-Muara District on March 26.

The company, found selling cooking oil and formulated milk power above the maximum prices set by JPKE, was previously issued with a warning notice in February for the same offence.

The department conducts daily inspections on price-controlled items listed under the Price Control Act, Chapter 142 which include cooking oil, powdered formulated milk, passenger motor vehicles, and clay bricks to ensure the items are not sold above the approved maximum prices. The inspection is also to ensure businesses comply with the Price Control (Display of Prices) Order, which requires goods on display to be clearly price tagged.

Businesses which do not comply with the Price Control Act, Chapter 142 and its regulations can face penalties including a compound not exceeding $1,000; or a fine of $5,000 and imprisonment for two years for the first offence by the court; or a fine of $20,000 and imprisonment of five years for a repeated offence by the court.

JPKE reminded the public that not all goods are price-controlled by JPKE. Goods other than those listed in the Price Control Act are determined by traders themselves. JPKE advised the public to practise the concept of ‘Smart Consumer’ by comparing prices in different stores before making any purchase to get the best value-for-money.

The public is encouraged to access the PenggunaBijak/SmartConsumer mobile application that provides platform to compare prices of selected daily necessities and price controlled goods as well as information on consumer related laws.