aA
The Lithuanian government approved on Wednesday a legislative package allowing it to regulate prices during an emergency.
Government seeks instrument to regulate prices during coronavirus crisis
© Organizatorių nuotr.

Government officials say the instrument could be used to curb price-gouging on disinfectants and protective gear amid the spread of the novel coronavirus in the country.

The draft amendments are expected to be discussed by the Seimas next week and will have to be signed by President Gitanas Nauseda into law.

Under the proposal, prices for goods and services would be monitored by the State Consumer Rights Protection Authority. The Cabinet would have to ask for the Competition Council's opinion before making any price regulation decisions.

Skvernelis hopes he won't need to use it

Prime Minister Saulius Skvernelis says the government needs such an instrument to combat price-gouging, but hopes there will be no need to actually use it.

"This is an instrument that we don't want to use, but if necessary, the state will not hesitate to use it as far as all speculative prices go," the prime minister said.

"This instrument is aimed primarily at these sectors that take advantage of the emergency situation to try and unfairly raise prices for goods that are essential for public safety and health," he added.

Nauseda earlier this week voiced his disapproval of the idea, saying products subject to price regulation would simply disappear from the shelves.

Justice Minister Elvinas Jankevicius, whose ministry drafted the amendments, said he would try to convince the president that these measures are necessary to prevent profiteering during the crisis.

"In this difficult situation, we need to seek compromise, and we'll try to convince the president and his advisers," Jankevicius told BNS.

"It's important to explain to the general public that this primarily concerns such goods as protective gear, not food products," he said. "There have been cases of buying up large quantities of respirators and medical masks in pharmacies and then reselling them at higher prices."

The Justice Ministry says in its explanatory note to the legislative package that some EU member states have already taken similar measures. For example, France's prime minister has issued a decree to cap hand sanitizer prices.

The Seimas is scheduled to hold its next plenary meeting next Tuesday.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Air Baltic launches new flight from Vilnius

Air Baltic is on Tuesday launching flights between Vilnius and Kiev .

EU commissioner: Lithuania should cut other taxes if environment taxes are raised

Europe takes the view that taxes need to be balanced and if some taxes are raised, other taxes should...

Capacity at Salcininkai border checkpoint might drop for 4 days in December

The capacity of the Salcininkai international border checkpoint on the Lithuanian-Belarusian border...

Online payment business predicts double turnover for e-shops during Black Friday sale

Black Friday , one of the biggest sale campaigns across the Western world, will be slightly different...

Lithuanian airports to add more flight destinations in December

Lithuania's airports are scheduled to add more flight destinations to their schedules in September,...

Top news

District of Jonava declares emergency after 1,200 minks die of COVID-19

A state of emergency has been declared in the municipality of Jonava due to a coronavirus...

Spokesman: President has doubts about some Cabinet candidates

Lithuanian President Gitanas Nauseda has doubts about some of the center-right coalition 's...

5 conspiracy theories about COVID-19 that the world still believes in, and a game to help develop resistance to lies

As the situation with COVID-19 deteriorates, the world is also facing a global ‘pandemic of...

Laurie Garrett | D+ nariams

The vaccine news is good. Here’s the bad news

Even if the coronavirus treatment works as advertised, there are plenty of reasons to worry about...

1187 new coronavirus cases

On Monday, 1 187 new COVID-19 cases were recorded in Lithuania . Overall, it adds to 62 515 confirmed...

|Maža didelių žinių kaina