The sharp rise in fuel prices in Latvia following the start of the war in Iran raises questions, said Economy Minister Viktor Valainis in an interview on the program "900 Seconds" on TV3.
In response to the question of whether the increase in fuel prices at gas stations by 10-12 cents is justified, Valainis noted that the Competition Council has taken notice of this and is monitoring the situation.
"The spike (in oil prices) in international markets and its immediate transfer to our gas stations raises questions for us," Valainis said, adding that traders must set prices fairly and be prepared to explain their fuel pricing policy to regulatory authorities.
The minister reminded that the Competition Council can impose serious fines for unfair commercial practices.
"We are monitoring this, and the relevant institutions will act if necessary, and traders must be ready to answer questions," Valainis said.
Leave a comment