The Republic Market Inspection Service regularly controls compliance with the Regulation on limiting profit margin in price forming of liquid oil derivatives.
The above-mentioned Regulation stipulates a maximum wholesale profit margin in the absolute amount of BAM 0.06 KM per liter of derivatives for traders who carry out the activity of wholesale trade in oil derivatives. The maximum retail margin in the absolute amount of BAM 0.25 KM per liter of derivatives is prescribed for traders who carry out the activity of retail trade in oil derivatives.
Until mid-May of this year, 67 controls on the formation of prices of liquid oil derivatives were carried out, of which five were found to have irregularities, because traders did not adhere to the prescribed profit margins during the formation of prices. On that basis, fines in the total amount of BAM 75,000 were imposed. Also, due to other types of irregularities related to keeping business books and records and the like, fines in the amount of BAM 17,600 were imposed.
