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DTI orders 60-day price freeze in calamity areas.

The Department of Trade and Industry (DTI) has ordered a 60-day price freeze in areas declared under state of calamity.

In a statement posted on its official website, the DTI said due to the devastation brought by typhoon "Glenda" retailers must only collect "prevailing prices" for agricultural and non-agricultural necessities.

The items included in agricultural necessities are: rice, corn, cooking oil, fish, fresh eggs, pork, beef, poultry, fresh milk, vegetables, fruits, root crops and sugar.

The items included in non-agricultural necessities are: canned marine products, evaporated/ condensed/ powdered milk, coffee, laundry bar and detergent, noodles, bread, salt, candles and bottled water.

"Only basic necessities are covered by the price freeze. Their prices must conform to the prevailing prices before the declaration of State of Calamity, and should not exceed the Suggested Retail Prices (SRPs)," DTI Consumer Protection Group Undersecretary Atty. Victorio Mario A. Dimagiba said in a statement.

"As for non-agricultural prime commodities such as canned pork, beef and chicken, vinegar, fish sauce, soy sauce, bath soap, and battery, prices of these products must adhere to their respective SRPs," he added.

Meanwhile, the price of Liquified Petroleum Gas (LPG) and kerosene are also frozen for 15 days.

Violators shall be fined P5, 000 to P1, 000, 000 and/or imprisonment of one year to ten years. (Mary Rose A. Hogaza)

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Title Annotation:National
Publication:Manila Bulletin
Date:Jul 18, 2014
Words:222
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