Price freeze: DTI warns profiteers

first_imgBasic goods that are under thejurisdiction of the DTI include canned fish and other marine products, locallymanufactured instant noodles, bottled water, bread, processed milk, coffee,candles, laundry soap, detergent and salt. Degala urged consumers to alert DTIabout sellers jacking up the prices of these products. The Department of Agriculture (DA), onthe other hand, covers basic agricultural goods such as rice, corn, cookingoil, fresh, dried and other marine products, fresh eggs, fresh pork, beef andpoultry meat, fresh milk, fresh vegetables, root crops, sugar and freshfruits. Essential drugs are under theDepartment of Health while firewood and charcoal are with the Department ofEnvironment and Natural Resources. Household liquefied petroleum gas andkerosene are under the Department of Energy. Proclamation 922 which puts the country under a state of public health emergency due to the novel coronavirus outbreak has triggered the implementation of a nationwide price freeze. Photo shows a woman checking prices at a grocery store in Iloilo City. IAN PAUL CORDERO/PN This is automatic, said ProvincialDirector Judith Degala of DTI-Iloilo.center_img Section 6 of the Price Act states thatprices of basic necessities shall be frozen at their prevailing prices for 60days or until sooner lifted by the President whenever there is a declaration ofa state of emergency, calamity, or other similar conditions, said Degala. Proclamation 922, which puts thecountry under a state of public health emergency due to COVID-19 outbreak,triggered the implementation of a nationwide price freeze. ILOILO – The Department of Trade andIndustry (DTI) announced a nationwide price freeze on basic necessities pursuantto the Price Act or Republic Act 7581 due to the coronavirus disease 2019(COVID-19) outbreak. All these basic goods are placedunder price freeze for 60 days with the exception of household LPG and kerosenewhose prices shall be frozen for 15 days only as provided in the Amended PriceAct, or RA 10623./PNlast_img

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