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PIA Press Release
2009/10/05

Capiz ensures price control on basic, prime commodities

by Jemin B. Guillermo

Roxas City (5 October) -- Capiz has already started conducting daily prices monitoring of prime commodities and basic necessities to ensure the strict implementation of price control.

Trade and Industry Provincial Director Ermelinda Pollentes disclosed that immediately after President Gloria Macapagal-Arroyo has placed the entire country under the state of national calamity, they have an automatic monitoring of prices in all the establishments in Roxas City.

Pollentes said that they had also conducted on October 3 a meeting with 20 owners of commercial establishments in the city to orient the participants about the price free directive as well as the penalties should there be a violation of said order.

President Arroyo has placed the Philippines under the State of National Calamity last October 2 after the National Disaster Coordinating Council (NDCC) proposed said measure.

With said declaration, local government units are given access to their calamity funds, protects consumers from price manipulators, speeds up the rehabilitation of areas devastated by typhoon "Ondoy", and provides immediate assistance to those still to be hit by super storm "Pepeng".

On the other hand, Trade and Industry Secretary Peter Favila proposed expanding price control coverage to include petroleum products, oils and lubricants, auto repair, and even funeral services, which have reportedly doubled their rates since "Ondoy" hit the country last week.

Favila added that placing price ceilings on petroleum products is now being reviewed by the Department of Justice.

He said that price monitoring should not just cover retailers but also wholesalers, suppliers and viajeros. (PIA) [top]

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