• Aquino urged to exercise price control


    NEARLY a hundred housewives from different urban poor communities trooped to the Balintawak Market along the Epifanio de los Santos Avenue (Edsa) on Sunday to register their indignation against the recent spikes in the prices of basic commodities and call on President Benigno Aquino 3rd to impose price control.

    The mothers, organized under militant urban poor group Kongreso ng Pagkakaisa ng Maralitang Lungsod and Samahan ng Mamamayan-Zone One Tondo Organization banged their pots and pans in a noise barrage, demanding that Aquino use his powers as Chief Executive to mitigate the increases in the prices of basic commodities.

    Under Section 7 of Republic Act 7581 or the Price Act of 1992, the President, upon the recommendation of the Price Coordinating Council, may impose a price ceiling on any basic necessity or prime commodity if conditions so warrant.

    Both groups perceive the recent price increases satisfy the cited conditions.

    Meanwhile, Sen. Cynthia Villar on Sunday blamed the ill-timed issuance of import permits to traders as the reason behind the questionable spike on the prices of agricultural products like rice and garlic.

    Villar said the Senate agriculture committee is keen on conducting a probe to verify reports of supposed price manipulation.

    “We have to protect of the consuming public. The exorbitant prices being imposed on garlic and rice might also result to an increase in the prices of other food products,” Villar said in an interview aired over DZBB radio.


    Please follow our commenting guidelines.

    Comments are closed.