Read more about Govt caps trade margin on oxygen concentrators to check price volatility on Business Standard. As per information collected by the government, margin at the level of distributor currently ranges up to 198 per cent
India News: NEW DELHI: The drug price regulator National Pharmaceutical Pricing Authority (NPPA) invoked extraordinary powers under Para 19 to cap the trade margi.
The Federal
Breather for patients: Pharma regulator caps trade margin on oxygen concentrators
Limits margin at 70% in bid to curb hoarding and over-pricing of the critical equipment following numerous complaints in recent weeks, particularly in Delhi
COMMENTS
At the peak of the COVID second wave, oxygen concentrators were being sold in the black market at five times their import prices.
To prevent hoarding and black marketing of oxygen concentrators, the Centre has decided to cap the trade margin on this key equipment that is used for the treatment of critically-ill COVID patients. This follows numerous complaints from various parts of the country about the exorbitant retail prices at which oxygen concentrators were sold during the peak of the second COVID wave.
In view of the extraordinary circumstances arising due to the COVID pandemic that has resulted in recent volatility in maximum retail prices (MRP) of oxygen concentrators, the Government has decided to step in to regulate the price of oxygen concentrators.