DTI to ensure ‘reasonable’ retail prices

THE government on Thursday vowed to ensure reasonable retail prices, especially in industries with tight competition.

Department of Trade and Industry (DTI) Secretary Ramon Lopez, in response to a letter from the Laban Konsyumer Inc. group, said “DTI will ensure reasonableness in SRP (suggested retail prices), but in industries with tight competition, SRPs will be very competitive…Consumer will have a choice.”