With the Decision on setting margins in the trade of certain products and the Decision on setting margins applied during price formation of petroleum derivatives coming into the effect, all available capacities of Republic of Srpska Market Inspection Service are focused on the price formation. By this point, due to established irregularities penalties of BAM 1,700,000 were issued.

The Republic of Srpska Market Inspection Service has done 114 controls of the price formation of products which profit margins are limited by the Decision in facilities selling food, both in larger trade chains, smaller stores, wholesale and retail. In 58 controls it was determined that traders were not abiding by the regulated margins resulting in them being charged BAM 640,000. Also, due to other confirmed irregularities in the work of these businesses the penalties of BAM 14,000 were issued.

For the purposes of surveillance of trade facilities market inspectors of local self-governing units were commissioned. According to previously received reports, in 27 cases city and municipal market inspectors determined that the traders were not abiding by the regulated margins and on that basis, they were charged penalties in the amount of BAM 177,000. Due to other confirmed irregularities in the work of these subjects the penalties of 14,100 BAM were issued.

During controls of price formation of liquid fossil fuels, it was determined that out of 132 performed controls, 57 had irregularities because traders were not abiding by the regulated margins. On that basis subjects that trade fuels were charged penalties in the amount of BAM 855,000. Also, due to other confirmed irregularities in the work of these subjects the penalties of BAM 23,200 were issued.

Price formation is still in the focus of inspection services, and aims to protect economic interests of citizens, counteract unrealistic price formation and possible unfair behaviour of traders. The Republic of Srpska Inspectorate will do everything using its authority to implement every activity affirmed by the legislator that aims to improve living standards of Republic of Srpska citizens.