Bolivia Acts to Curb Cooking Oil Price Gouging in Santa Cruz

Santa Cruz Supermarkets Under Scrutiny Amidst Cooking Oil Price Checks Santa Cruz, Bolivia – In a move to curb potential price gouging and protect consumers, Bolivian Consumer Protection authorities conducted a series of inspections at supermarkets across Santa Cruz on May 28, 2025. The operation focused on cooking oil, a staple food item, to ensure fair pricing and sufficient stock. Inspectors visited several supermarkets, verifying prices and stock levels on shelves. The operation comes amid concerns about rising inflation and the potential for price manipulation of essential goods. One official interviewed at Hipermaxi supermarket stated, "We've held meetings with oil suppliers, and they've indicated prices should range from 12.50 to 14 Bolivianos, depending on the brand." However, reports from other markets indicate prices significantly higher, with some selling oil for over 25 Bolivianos per liter. The official emphasized the importance of maintaining fair prices, stating, "We're making a call to all merchants to set prices as they've indicated, ensuring only a small profit margin." The inspections are ongoing, with authorities working in coordination with other levels of government to ensure the stability of essential goods prices across Santa Cruz and beyond. The commitment to consumer protection underscores the government's dedication to ensuring fair market practices and accessibility for all citizens.