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Sierra Leone is currently experiencing a rise in inflation as prices for food stuffs and other liked commodities continue to soar.
The recent stock to add to the list of inflated is the popular sachet water. The price of sachet water was increased about 50 percent for a sachet a day after the price of fuel increased to NLe 30 per litre.
Some sachet water company owners said the increment is to match the rising cost of living in the West African nation.
But the country’s Electricity, Water and Regulation Commission ERWC issued a warning to owners of sachet water companies amid the price increment.
EWRC’s Director of Economic Regulation, Brima Bah said the increment is illegal at this point.
“We received an application recently sometime in August requesting for the increment of bundle water from 6 to 10 Leones.
“We have acknowledged the application but we cannot approve any document without any supporting data, so we have sent it back to them,” the EWRC Director of Economic Regulation said.
Bah added that their role is also to seek the interest of consumers.
He said any proposal brought to them will be looked into using scientific analysis.
EWRC did not deny an increment in sachet water in the near future but said an increment would have to be affordable for the local population.
Meanwhile, the Commission admonished water sachet companies selling above the required price to desist or risk being punished.
Price of sachet water has never been in it normal state since the increment to 6000, some water companies sold theirs at there own price. In Sierra Leone anytime there’s an increment in petroleum products all commodities would be on increase government only focus on prices of transport fares and leave food stuffs to just used their advantage to increase the prices with not clue. It like theirs no regulation of prices in Sierra Leone this companies or businesses just do what they like it like they had bought and place these government officials in there pockets…
The government owns nothing all these companies are owned by privates people so the government is not investing.so thet do things as they pleased without thinking about the masses
They are just concern about their profits
Inflation keep rising and private companies don not listen to warings from government. At the end they everything will just die out and the our governments are like toy to these business owners
Those institution lack the policy of what we
follow upBusiness people are also rejecting our state own currency which is the fifty cent commonly called (five hundred Leone) which the government have not yet put a stop by using it
The government need to raise concern over this issue we all know that it’s inappropriate to reject your country current currency
Maybe Bah feel say na inh piss we dae use as fuel fr transport den water yah na di provinces