The Department of Trade and Industry (DTI) has declared a 60-day price freeze in areas where a state of calamity has been declared in the wake of devastation caused by Typhoon Glenda.
The freeze covers non-agricultural basic necessities such as canned fish and other canned marine products, evaporated milk, condensed milk, powdered milk, coffee, laundry bar and detergent, instant noodles, bread, salt, candles and bottled water.
Prices of agricultural basic necessities such as rice, corn, cooking oil, fresh and dried fish and other marine products, fresh eggs, pork, beef, poultry, fresh milk, fresh vegetables and fruits, root crops and sugar were also ordered kept at current levels.
DTI Consumer Protection Group (CPG) Undersecretary Victorio Mario Dimagiba said only basic necessities are covered by the freeze.
“Their prices must conform with the prevailing prices before the declaration of state of calamity, and should not exceed the Suggested Retail Prices (SRPs). 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.”
Liquefied Petroleum Gas (LPG) and kerosene are also covered by the freeze but only for 15 days. Dimagiba added.
The products covered by the price freeze and their corresponding prices will be disseminated to all concerned Local Price Coordinating Councils (LPCCs), published in local newspapers and uploaded in the DTI website (www.dti.gov.ph) within the week.