The Union Government has capped the trade margin on oxygen concentrators to provide relief to the patients. National Pharmaceutical Pricing Authority, NPPA has capped the trade margin up to 70 per cent on oxygen concentrators. Revised prices of oxygen concentrators will come into effect from 9th of June.
The government has taken this step to regulate the prices of oxygen concentrators due to volatility in Maximum Retail Prices, MRPs of oxygen concentrators. As per information collected by the government, margin at the level of distributor currently ranges up to 198 per cent on oxygen concentrators.
In its order, NPPA has said, every retailer, dealer, hospital and institution shall display a price list as provided by the manufacturer in its premises for the public. The manufacturers and importers not complying with the revised MRPs shall be liable to deposit the overcharged amount along with interest and penalties. State Drug Controllers shall monitor the compliance of the order. It will be ensured that no manufacturer, distributor and retailers shall sell oxygen concentrators to any consumer at a price exceeding the revised MRP to prevent black-marketing. NPPA has said, the order will be applicable up to 30th November this year.
Amid the second wave of COVID-19 pandemic, demands for medical oxygen have gone up. The government is striving to ensure uninterrupted supply of oxygen and oxygen concentrators in adequate quantities in the country.