Ministry of Trade’s Strict Oversight on Excessive Pricing: ₺126.7 Million in Fines
At its first meeting of 2025, the Unfair Price Evaluation Board of the Ministry of Trade imposed a total fine of ₺126.7 million following inspections on excessive pricing.
The Ministry of Trade recalled that after the tragic hotel fire in Bolu Kartalkaya on 21 January 2024, numerous complaints were submitted regarding excessive price increases on fire safety equipment, particularly on e-commerce platforms and various sales channels.
The ministry swiftly took action, launching extensive investigations across online marketplaces and local sales points. It requested urgent information and documents from businesses selling these products and ensured that trade provincial directorates conducted on-site inspections to closely monitor the process.
₺7.7 Million Fine for the Fire Safety Equipment Sector
Based on the findings and inspection results evaluated by the Board, businesses that were found to have significantly increased the prices of fire safety equipment were fined a total of ₺7,696,810.
Additionally, following investigations by the Ministry of National Education, the Unfair Price Evaluation Board started examining excessive price increases in private educational institutions regarding their goods and services. In this context, comprehensive inspections were conducted under Law No. 6585 on the Regulation of Retail Trade to determine whether private schools had implemented unfair price hikes on tuition, meals, books, stationery, and uniforms.
₺66.2 Million Fine for Private Schools
The investigation revealed that private educational institutions with the highest price increases, especially those with a widespread national network, were thoroughly reviewed by the Board.
As a result, private school operators that exploited the situation and caused financial harm to families were fined ₺66,207,800 in administrative penalties.
During this process, all necessary administrative measures were taken to ensure fair and transparent pricing in the education sector, to prevent parents from being exploited, and to combat any unjust and opportunistic practices within the education system.
₺52.8 Million Fine for Supermarkets and Local Markets
Moreover, bakeries selling bread above regulated prices, butchers engaging in unfair pricing, and both national and local supermarket chains were also investigated as part of wide-ranging inspections in the retail trade sector.
The Board imposed a total fine of ₺52,824,640 on businesses that violated regulations and engaged in excessive pricing practices.
Total Fine Reaches ₺126.7 Million
In conclusion, at its first meeting of 2025, the Unfair Price Evaluation Board of the Ministry of Trade imposed a total of ₺126.7 million in administrative fines on businesses engaging in excessive price hikes.