Paynesville – Marketers and buyers alike are decrying the continuous hike in the prices of basic commodities and are saddened that the government, especially the Ministry of Commerce is not doing much to regulate prices or stabilize the economy. Over the past months, the country has experienced consistent increment in the prices of basic goods and services, including gasoline. A buyer in Redlight market said he has observed hike in the prices of sugar, flour, rice, vegetable oil, onion, among others. The Ministry of Commerce and Industry had pronounced the reduction of prices on the liberian market and transportation fare, but to no avail. According to Taylor who also operates a provision store in Paynesville, petroleum, rice and cement prices are regulated by the Ministry of Commerce.
