Controllers on the lookout for price gouging

GREAT BAY – Controllers from the Department of Economic Affairs have been dispatched to investigate reported cases of price gouging, inspired by the approach of Hurricane Irma.

Minister Mellissa Arrindell-Doncher (Tourism and Economic Affairs) warned businesses in a press statement against these practices.

Controllers were on the road all weekend and they will also be active until after the storm passes. “If a business is found to have increased its prices the proper measures under the law will be taken,” the press release states without specifying what those measures would be.

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“Price gouging is a term referring to when a seller spikes the prices of goods, services or commodities to a level much higher than is considered reasonable or fair, and is considered exploitative, potentially to an unethical extent,” the ministry explains in its statement.

Source: TODAY http://today.sx/weather/controllers-lookout-price-gouging/

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