Economy Politics Local 2026-03-27T19:13:44+00:00

Acodeco reinforces price monitoring due to oil price hike

In Panama, Acodeco is stepping up control over prices for food and goods in response to the rise in oil prices on world markets. The goal is to prevent speculation and protect consumers. Authorities are calling on citizens to report unjustified price increases.


Acodeco reinforces price monitoring due to oil price hike

The Consumer Protection and Competition Authority (Acodeco) will participate in high-level tables due to the economic situation. The entity is intensifying the monitoring of food products and consumer goods to mitigate the impact of crude oil costs on the national economy. The objective of these forums is to analyze the current economic situation and adopt resolutions that directly benefit the population. National surveillance against speculation. As explained by Ramón Abadi Balid, precise instructions have been issued to all regional headquarters to reinforce the monitoring of prices in the local market. He stressed that the active participation of consumers is fundamental for the country's economic stability. Finally, the institution urged users to use official attention channels to report any irregularity or unjustified price increase, thus ensuring transparency in commercial transactions and market protection. This action aims to prevent possible speculative practices that could arise as a result of the international hydrocarbons environment. The official highlighted that the institutional priority is to guarantee that the measures implemented focus on citizen well-being and strict respect for consumer rights. In addition to inspection tasks, the administrator called on the public to adopt saving and responsible consumption habits as a way to safeguard the family economy in times of financial challenges. This measure seeks to support the actions of the National Government aimed at mitigating the impact of fuel hikes on the Panamanian economy. The administrator of the institution, Ramón Abadi Balid, informed that the entity will be an active part of the high-level tables promoted by the Executive Branch. Acodeco maintains permanent monitoring over the behavior of prices of food products and consumer goods due to the increase in oil in the international markets.