The Price Control Act, Chapter 142 regulates the prices and charges of goods specified in the law.
It is important to note that not all goods sold in Brunei are regulated by this law because price intervention through the Price Control Act is only used for staple and essential goods with public policy justifications. This is to ensure prices of goods are determined in a free market through the basic economic forces of supply and demand, in order to maintain a healthy and fair business environment.
There are currently 22 goods listed in the Order as price controlled goods. These include:
i) Household items – rice, sugar, cooking oil, formulated powdered milk, creamer, plain flour;
ii) Energy – Motor gasoline (Premium 97, Regular 85 and Super 92), diesel fuel, dual purpose kerosene, bottled liquefied petroleum gas;
iii) Construction materials; and
iv) Passenger motor vehicles
These specific goods will be reviewed from time to time.
The Price Control Unit of the Consumer Affairs Division is the enforcement authority responsible in monitoring and ensuring businesses’ compliance with the set maximum price.
During festive seasons, selected foodstuffs are regulated by JPKE administratively for a specific period of time. The setting of maximum prices is hoped to assist the country's citizens low income earners with their preparation for the festive seasons. This is announced in the media for public knowledge.
Price Control Act, Chapter 142
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