The Department of Trade and Industry (DTI) has issued a list of suggested retail prices (SRP) for candles to ensure that prices and supplies are stable as All Saints Day inches closer.
The SRP lists different variants of candles from major manufacturers in the country. For 20 pieces, Liwanag Esperma #3 is priced at P 43.75, while Liwanag Esperma #5 is priced at P60.75. The larger Liwanag Esperma # 24 is priced at P 122.75 for a four-piece pack.
Manila Wax Esperma #2 (white) is at P44.75 for a 10-piece pack while 20 pieces of Esperma #3 is at P54.75. The larger Sperma # 14 is P 44.75 per four-piece pack, while P 49.75 for the two-piece pack of Esperma # 16.
Victorio Dimagiba, DTI Consumer Welfare and Business Regulation Group officer in charge, said that the agency had talked with local candle manufacturers to ensure that the price and supply of candles in the market remain stable.
“There is no price increase for candle products. The prices of candles remain the same as last year,” Dimagiba said.
Dimagiba assured that DTI monitoring teams are regularly checking the price and supply of candles for next week’s holidays. Consumers are advised to check the weight and price tags of candle products before purchase, and report to the authorities any incidents of overpricing.