Local manufacturers open to price cuts – DTI

LOCAL manufacturers are now more open to implementing cuts in the suggested retail prices (SRPs) of primary goods and commodities even if fuel prices are starting to recover.

Undersecretary Victorio Mario Dimagiba of the Department of Trade and Industry’s Consumer Protection Group (DTI-CPG) told The Manila Times that manufacturers of basic goods are now more amenable to reducing their prices even as crude oil prices recover in the international market after hitting all-time lows last month.