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.
Centre caps trade margin on oxygen concentrators 70% to curb black-marketing, high prices
NPPA has instructed manufacturers to report revised MRP in 3 days, and revised rates will be made public in a week. Every retailer, dealer, hospital and institution will display a price list as furnished by manufacturer in a manner so it s easily accessible to any person wishing to consult it
BusinessToday.In | June 4, 2021 | Updated 20:45 IST
SDCs will monitor compliance to ensure no manufacturer, distributor, retailer sells oxygen concentrators at a price exceeding revised MRP
The government has capped the trade margin on oxygen concentrators at 70 per cent from up to 198 per cent being charged currently, in view of increasing black-marketing cases and volatility in their maximum retail prices (MRP). The order will be applicable up to November 30, 2021, subject to review.