Economy
Price Cap Imposed on Bottled Water in Wolkite City
TIKVAH Ethiopia · 4 hours ago · Read the Full Story on TIKVAH Ethiopia
AI SUMMARY
The Wolkite City Trade and Market Development Office has introduced strict price caps on bottled water following excessive price inflation by traders.
- The Wolkite City Trade and Market Development Office imposed a price ceiling on bottled water due to excessive price increases during the local water shortage.
- A two-liter bottle of water is now capped at 50 Birr per unit and 600 Birr per dozen, down from 75 to 80 Birr and 970 Birr respectively.
- A one-liter bottle of water is now priced at 40 Birr per unit and 480 Birr per dozen, reduced from 50 to 60 Birr and 720 Birr.
- A half-liter bottle is now set at 25 Birr per unit and 270 Birr per dozen, down from 30 to 35 Birr.
- Traders violating the new pricing regulation face penalties ranging from one to five years in prison and fines between 50,000 and 100,000 Birr.
- Legal proceedings and criminal charges have already been initiated against the owners of two businesses for violating the regulations.
- Consumers can report overpricing and illegal trading practices by calling the office's toll-free hotline at 9348.
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