DTI releases list of basic necessities under automatic price control
Cebu City (4 September) -- The Department of Trade and Industry (DTI) recently released an advisory to all retailers declaring a price freeze on basic necessities as provided for under the Price Act or Republic Act 7581.
This response is in consonance to Proclamation No. 1898 signed recently by President Gloria Macapagal-Arroyo declaring the entire country on October 2 under a state of calamity.
With the signing of Proclamation No. 1898, prices of basic goods are effectively controlled by the Department of Trade and Industry, giving the agency the power to freeze prices of basic commodities at their prevailing prices.
The list of commodities have been identified by the Price Act as basic necessities and are therefore automatically frozen at their prevailing prices as of October 2, 2009.
Note that the price freeze is based on prevailing prices from DTI monitoring report before the declaration of State of Calamity.
Retailers are warned by the DTI to observe the PRICE FREEZE in all brands of listed commodities to avoid sanctions: MAXIMUM OF 10 YEARS IMPRISONMENT AND FINE OF P 1M.
For complaints and inquiries, consumers may call or proceed to the nearest DTI Office in their area: Cebu Tel. # (032) 255-7082 local 19 / 253-2631, Bohol Tel. # (038) 501-8260, Negros Oriental Tel. # (035) 422-2764, Siquijor Tel. # (035) 480-9065, Central Visayas Regional Office Tel # (032) 255-0036.
Complaints may also be addressed to the DTI Secretary Peter Favila at 09178063473 or DTI 24-hour hotline (02) 751-3330.
Proclamation No. 1898 which declares a state of national calamity was signed by President Arroyo in view of the tremendous damage to lives and properties and massive displacement caused by typhoon "Ondoy" and in preparation for the impending hazards and devastations of typhoon "Pepeng”. (DTI-7) [top]