Lawmakers have thumbed down the plan of the Department of Trade and Industry (DTI) to scrap the suggested retail price (SRP) on basic goods as provided by the Price Act.
Representatives Ariel Casilao of Anakpawis party-list and Ben Evardone of Eastern Samar were referring to the proposal of Trade Secretary Ramon Lopez that the market should decide the SRP and that the setting the SRP should be a company decision.
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