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PIA Press Release
2009/02/09

No increase in prices of basic commodities in Leyte, DTI says

Tacloban City (February 9) -- The prices of basic commodities in the province of Leyte, remain constant, Mr. Joe Molina of the Department of Trade and Industry in Leyte informed.

This pronouncement was based on the price monitoring activities which DTI Leyte regularly conducts, Mr. Molina said.

In the case of flour, the price was even reduced, Mr. Molina added. The first class flour before was sold at P910. Nowadays, it costs only P850.00. The third class flour used to be sold at P850, now it is sold at P800 or P810.

Mr. Molina said that DTI is only monitoring the prices of processed good because there are other agencies which are mandated to monitor the prices of other products like the Department of Health is monitoring the prices of medicine while the Department of Agriculture is monitoring the prices of unprocessed goods like meat and poultry and vegetables.

Although, DTI is not supposed to monitor the price of LPG, DTI in Leyte is forced to monitor considering that there is no office of the Department of Energy in the region, Mr. Molina said.

DTI Leyte observed that the price of an 11kilogram LPG tank is already P575 in Tacloban and P580 in Ormoc. This price is more than the announced P500.00 price, so DTI called up the DOE and he was told that after re-computation of the price, P575 is the actual price.

DTI has strengthened its monitoring of prices amidst the looming effects of the current world economic crisis and because the province is face with a big national event, which is the Palarong Pambansa come April 26- May 2, Mr. Molina bared. (PIA 8) [top]

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