The Consumer Protection Service wishes to inform that it has studied with due seriousness the report of the Audit Service regarding the issue of the monitoring of petroleum product prices. All the recommendations and suggestions made by the Audit Office have been noted and will be treated with great care, as has been the case with regard to its previous reports/inspections.
The Consumer Protection Agency expects that with the adoption of the new petroleum product price monitoring framework from 1 September 2022, which is known to the Audit Office, several of the issues recorded in its report, mainly related to the previous price monitoring framework, are already being addressed.
The Consumer Protection Agency assures that it will continue to closely and seriously monitor petroleum product prices for the benefit of consumers and will always be at the forefront of the monitoring process.
