DTI issues price freeze bulletin in OrMin

Source: DTI-Oriental Mindoro Provincial Office

CALAPAN CITY, Oriental Mindoro, Jan. 11 (PIA) – The Department of Trade and Industry (DTi) Provincial Office said they already issued price freeze bulletin during the first day of work in 2019 to all local government units under the state of calamity in Oriental Mindoro.

The price freeze,  according to provincial director Arnel Hutalla, serves as guide to consumers and business establishments selling basic commodities.  DTI monitors prices of basic commodities in the towns that are declared under the state of calamity.

Sangguniang Panlalawigan Resolution No. 4527-2018 declared portions of the Province of Oriental Mindoro covering the Municipalities of Baco, Naujan, Socorro, Pola, Pinamalayan, Bansud and Bongabong and the City of Calapan, under state of calamity to protect the community and provide relief services and assistance to victims of ‘Typhoon Usman’ that caused heavy flooding last December 30.

Hutalla emphasized the provisions on Section 6 of the Republic Act 7581 or the Price Act, which states that prices in an area under a state of calamity or under an emergency shall be automatically frozen at their prevailing prices under automatic price control for a period of 60 days or unless sooner lifted.

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“Although supply and prices of basic and prime commodities are seen to remain stable due to the continuous movement of goods to and from the Port of Calapan, potential abuses need to be prevented,” Hutalla added.

DTI has already coordinated with LGUs the activation of their respective Local Price Coordinating Council (LPCC) and the maintenance/updating of price billboards in the public market for the consumers’ guidance on the prevailing market prices especially for fresh produced products such as livestock, vegetables and other fishery products.

Hutalla urges consumers to report retailers who continuously sell basic necessities more than the specified prices to the Provincial Office of DTI located at the Old Capitol, Brgy. Ibaba, Calapan City or call 043-2881292/043-4411114.

“The Price Act provides that any retailers found selling more than the listed prevailing prices shall be imposed with an administrative fine of up to one million pesos and/or a maximum of 10 year imprisonment,” Hutalla concluded. (LTC/PIA-OrMin/R4B)

Source: PIA Feed