(Declared under a State of Calamity due to flash flood that occurred in several parts of the city on January 16, 2017, Resolution No. 12561-2017 of the Office of the City Council.)
The Department of Trade and Industry (DTI) informs all consumers and retailers that based on Section 6 of the Republic Act 7581 or the Price Act, prices in an area proclaimed or declared a disaster area or under a state of calamity or under an emergency shall be automatically frozen at their prevailing prices or placed under automatic price control for a period of 60 days unless sooner lifted.
The Price Act provides that any retailers found selling more than the listed prevailing prices shall be imposed with an administrative fine of up to One Million Pesos (P1,000,000.00) under Republic Act No. 7581 Section 16 and Department Administrative Order 6 Series 2007 Article 6 Section 2.