Bolivia Fights Cooking Oil Resale Scheme

Bolivia Cracks Down on Cooking Oil Resale Scheme LA PAZ, BOLIVIA – The Bolivian government is taking action against a newly uncovered scheme involving the resale of cooking oil at inflated prices. Authorities have discovered that wholesalers are purchasing large quantities of cooking oil from both state-run supermarkets (Emapa) and private retailers, only to resell them at significantly higher prices. This practice is disrupting the market and limiting access for ordinary citizens. Vice Minister Luis Siles revealed the details of the scheme, stating, "Majorists are buying large quantities of oil from Emapa and private supermarkets to then resell it, a practice that does not correspond to domestic consumption." The government is working to address this issue by collaborating with supermarket managers to regulate sales, mirroring the ID-based purchasing system already in place at Emapa stores. Further measures are being considered to prevent future hoarding. The government's response includes plans to strengthen controls and potentially implement restrictions on large-volume purchases of cooking oil, similar to measures currently in place for rice. This proactive approach aims to ensure fair access to essential goods for all Bolivians and stabilize the market. The government's commitment to addressing this issue demonstrates its dedication to protecting consumers and maintaining economic stability.