12 Nov 2010

Fiji Commerce Commission gives consumers choice

10:18 am on 12 November 2010

The Commerce Commission in Fiji has adjusted the price reductions it had previously announced on some basic household items from an average of 13 percent to 9 percent.

That comes after some shopkeepers removed stock from shelves, claiming they would be selling at a loss at the new prices.

The Commerce Commission reviewed its price reduction order and made adjustments after analysing additional submissions made by retailers this week.

The Commission's chairman Mahendra Reddy says it has removed high end items from the list which were targetting a different category of consumers, and some items which would have equivalent substitutes for shoppers.

"So what we were able to do is to relook at the list and remove some of the items which are in the high end or they have subsitutes so consumers with full information will then decide which one they want to purchase, if substitutes are available - either the price controlled one or the non-price controlled one."

Dr Reddy says the new price reductions will be effective from today.