The Department of Trade Industry (DTI) has announced that it is closely monitoring the prices of cement bags in the market amid media reports that manufacturers have increased prices in Luzon.
DTI-Consumer Protection Group officer-in-charge lawyer Victorio Mario Dimagiba said their teams will daily monitor over the next two weeks the prices of cement bags and issue show-cause orders, if necessary, to retailers, manufacturers, importers and distributors of cement to explain the sudden increase in their prices.
Dimagiba added that there was ample supply of cement bags and therefore no reason for the reported price increases. “Meanwhile, the prevailing price range of cement bags in the National Capital Region remains at P215 to P220,” he emphasized.
Eagle Cement has advised the DTI that there was no adjustment in their prices, the DTI official revealed.
Dimagiba added that truckers, haulers and other stakeholders have requested the Department of Public Works and Highways to extend the suspension of the implementation of the gross vehicle weight of some trailer and bulk trucks to prevent overloading that poses risks to highway safety and traffic operations.