CAK warns firms as prices of sanitary products shoot up

Tuskys supermarket cashiers wear precautionary face masks and gloves while attending to customers. [Elvis Ogina/Standard]

Manufacturers and retailers capitalising on the coronavirus pandemic to hike prices risk hefty fines of up to 10 per cent of their annual turnover, the competition watchdog has warned.

The warning came amid a reported price increase of almost 700 per cent for key items used for protection against the spread of the virus.