DTI MisOr implements prize freeze

The Department of Trade and Industry (DTI) Misamis Oriental implements price freeze on all basic necessities at their prevailing prices through Presidential Proclamation no. 55 declaring the entire country in a State of National Emergency on account of lawless violence in Mindanao.

dti-price-freeze

According to Ma. Eliza A. Pabillore, DTI Misamis Oriental provincial director, pursuant to Republic Act (RA) 7581 and as amended by RA 10623 or the Price Act, price freeze is automatically implemented when state of emergency is declared.

 

The price freeze is good for 60 days for basic goods, while 15 days for household LPG and kerosene from the date of declaration or unless sooner lifted by the President.

 

The basic necessities include canned sardines in tomato sauce ranging from P10.85 – P14.25, processed milk such as sweetened condensed filled P51.35 to P63.50, condensada P37.50-P47.60, evaporated filled P36.40-P50.30, evaporada P24.70-P25.85, powdered filled P44.95-P78.75.

 

Meanwhile, coffee refill prices range from P16.45-P38.90, detergent laundry soap P18.25-P19.50, instant noodles P6.30-P6.90, bread from P28.00 – P60.50, iodized salt (iodized refined) from P6.45 – 36.40, (iodized rock salt) P5.30-P22.65, candles P20.65 – P125.50, bottled water (distilled water) P8 – P78.35, purified water P8.40 – P21 and mineralized water from P6.05 to P64.00.

 

Prices vary in the weight and size of the products.

 

DTI enjoins the retailers to comply with the price freeze while consumers are advised to be guided accordingly.

 

Pursuant to RA No. 7581 as amended by RA 10623, penalties for violation against the price freeze include at least the imposition of fine of P5,000 up to P1,000,000 and/or imprisonment of one year up to 10 years.

 

For more information please email r10.misamisoriental@dti.gov.ph or visit them at www.dti.gov.ph. (JMOR/PIA10)

 

***photo from http://www8.gmanews.tv/webpics/v3/2011/12/640_ZZZ_122211_1.jpg****

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