CITY OF SAN FERNANDO, Pampanga, Nov.23 (PIA) -- Department of Trade and Industry (DTI) reminds establishments in Central Luzon particularly groceries and supermarkets to comply with the Price Freeze on basic goods.
An Automatic Price Control is being implemented after President Rodrigo Duterte issued Proclamation 1051 which placed the entire Luzon island group under a State of Calamity due to damages caused by tropical disturbances "Quinta", "Rolly" and "Ulysses".
It was signed on November 18, 2020 and shall be effective for a period of 60 days, unless revoked by the President.
"Under Republic Act No. 7581 otherwise known as Price Act, a price freeze is automatically imposed on the price of basic goods when there is a declaration of a state of calamity, emergency or similar situation in an area of the country," DTI Regional Director Judith Angeles said.
Basic goods include rice; corn; root crops; bread; fresh, dried or canned fish and other marine products; fresh pork, beef and poultry meat; fresh eggs; potable water in bottles and containers; fresh and processed milk; fresh vegetables and fruits; locally manufactured instant noodles; coffee; sugar; cooking oil; salt; laundry soap and detergents; firewood; charcoal; household liquefied petroleum gas and kerosene; candles; drugs classified as essential by Department of Health and such other goods as may be included by law.
"Because of this, those found to artificially raise the prices of goods shall be penalized under the Price Act. Penalties on illegal price manipulation such as hoarding, profiteering and cartel range from PhP5,000 to 2 million depending on the gravity of the offense," Angeles furthered.
DTI is regularly monitoring the prices of these goods to be able to document the prevailing prices, which are the basis for determining whether there is illegal price manipulation.
Angeles urged citizens to report any violation of the Price Act through Consumer Hotline of DTI - 1-384. They can also send a message at the Facebook page of DTI Philippines or email email@example.com. (CLJD-PIA 3)