ASAE identifies importer and distributor of ‘alcohol gel’ for alleged speculative pricing

in News · 27-03-2020 01:00:00 · 0 Comments

Following a complaint about the possible practice of speculative prices on the sale of hand sanitizer, commonly known as ‘alcohol gel’, ASAE launched an inspection action against a commercial import and distribution company in the metropolitan area of Lisbon, which associated the sale of products with the pandemic itself.

As a result of the operation and based on the preliminarily analyzed documentation, ASAE concluded that the accused proceeded to sell “alcohol gel”, at different prices, without any justification, since the sale, during the month of March, fluctuated between €25 and €150.
The economic operator did not follow any criteria in the definition of the final price to the customer and the sales values increased, in a general way, as the days passed, according to the generalized demand.

Between late February and March, prices had absolute variations, between the purchase price and the sale price between 48 percent and 490 percent.
In the face of strong evidence of the practice of speculation, ASAE will communicate, under legal terms, the results of this operation to the Public Ministry.


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