DTI: No price hike in goods after ML declaration

ILIGAN CITY, June 6 (PIA) — The Department of Trade and Industry (DTI) has assured the public that there would be no price increase in basic commodities in markets after President Rodrigo Roa Duterte proclaimed Martial Law (ML) in Mindanao following the clashes between government forces and Maute terror group in Marawi City last May 23.

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In yesterday’s, June 5, press briefing held at the Regional Command and Coordination Center in Iligan City, Trade Secretary Ramon Lopez said that results of market price monitoring conducted by DTI showed that stores, especially in Iligan City and Lanao del Norte, complied with the government’s price freeze order.

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DTI market monitoring report as of June 5, 2017 showed that NFA rice remains at P27 a kilo, regular milled rice at P40 a kilo, well-milled rice at P44 to P48 a kilo and upscale rice at P52. These prices, except for upscale rice, have the same price prior to the declaration of Martial Law.

In a statement, DTI Secretary Lopez informs all consumers and retailers that pursuant to Section 6 of Republic Act 7581 or the Price Act, prices of basic necessities in areas proclaimed or declared under Martial Law shall be automatically frozen at their prevailing prices or placed under automatic price control.

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“Supply of goods in Iligan City and Lanao del Norte markets is also abundant despite the threat of terrorism in some of the province’s rural areas. Hence, I refuted reports that prices of basic commodities soared high in the wake of Marawi crisis,” Lopez said.

He, therefore, urged the buying public to countercheck the prices sold in markets to ensure they are buying goods with the right price. (RLRBalistoy/PIA-10, Bukidnon)

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PRICE FREEZE OF BASIC NECESSITIES IN CAGAYAN DE ORO CITY

(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.

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DTI steps up monitoring of prices as “price freeze” order still in effect

The Department of Trade and Industry (DTI) has stepped up its monitoring efforts amid speculations that prices of basic commodities have spiked as a result of the start of “ber” months for Christmas season.

DTI Bukidnon Provincial Director Ermedio J. Abang said the list of suggested retail prices for basic necessities and prime commodities issued recently to guide retailers and consumers still stands.

 

“As of the moment, there are no requests for price adjustments from the industries. Hence, the retailers are expected to observe these prices,” he said.

 

DTI has urged owners and operators of supermarkets, grocery stores, wet markets and general merchandise stores to comply with the specified suggested retail prices (SRPs) for products classified as basic necessities and prime commodities under Republic Act 7581 (Price Act).

 

The Price Act provides protection to consumers by stabilizing the prices of basic necessities and prime commodities and by prescribing measures against undue price increases during emergency situations.

 

It can be recalled that President Rodrigo R. Duterte has issued Proclamation No. 55 last September 4, placing the country under a state of national emergency or state of lawless violence in the wake of Davao City bombing that killed several civilians.

 

“We will continue to reinforce our monitoring activities on the prices of basic and prime goods so we can prevent undue price adjustments from retailers as President Duterte’s order remains in force and effect until lifted or withdrawn by the President,” Abang said (Laurence D. Pradia, DTI-Bukidnon/RLRB, PIA 10-Bukidnon)