Last week, the Republic Market Inspection Service conducted 130 inspections of price formation for liquid petroleum fuels. In 55 cases inspectors found that the traders did not adhere to prescribed profit margins and issued them fines in the total amount of BAM 825,000. Also, on the basis of other irregularities found in those inspections, relating to business documents, inspectors also issued fines in the amount of BAM 23.200.

To remind you, the Republic of Srpska Government last week reached a new Decision on profit margin used for formation of the prices of liquid petroleum fuels, as well as the Decision on profit margins in turnover of certain products which relates to basic foodstuffs, and which will be in the focus of inspection surveillance.

In order to protect the living standard of the citizens of the Republic of Srpska, the market inspection service continues to work in full capacity. We appeal to the traders to harmonise their prices timely and adhere to prescribed profit margins in order avoid the risk of fines, because any violation will be severely fined.