DTI: 43 of 249 Metro stores violated price freeze
NOTICES ISSUED BUT NO CHARGES FILED YET

DTI: 43 of 249 Metro stores violated price freeze

/ 05:10 AM August 21, 2024

DTI: 'High-level' US trade delegation to arrive in PH next week

Inquirer file photo

MANILA, Philippines — Almost a fifth of the supermarkets and grocery stores in Metro Manila inspected so far by the Department of Trade and Industry (DTI) were found to be violating the ongoing price freeze imposed in the region.

Fillip Sawali, the director of the DTI’s Fair Trade and Enforcement Bureau, said on Tuesday that 43 out of the 249 establishments they have gone to since Aug. 19 were issued notices of violation.

ADVERTISEMENT

“But this is a low number. Generally, [they are] compliant and we have a good degree of [compliance] from our retailers,” Sawali told reporters on the sidelines of the DTI’s routine inspection at the Guadalupe public market in Makati City.

FEATURED STORIES

READ: DTI orders price freeze in Metro Manila amid state of calamity

“If their explanation or defense is not sound, then we will go ahead and file a case, a formal charge,” he added.

Limited coverage

On July 26, the DTI issued an advisory on the automatic price freeze imposed in Metro Manila and at least six other provinces, which were placed under a state of calamity due to the severe effects of Supertyphoon “Carina” (international name Gaemi) and the southwest monsoon.

The price freeze only covers basic necessities and prime commodities.

Basic necessities under the DTI’s mandate include canned fish and other marine products, processed milk, coffee, laundry soap, detergent, candles, salt, bottled water, and locally manufactured instant noodles.

The Department of Agriculture, for its part, oversees rice, corn, cooking oil, fresh and dried marine products, fresh eggs, fresh pork, beef and poultry meat, fresh milk, fresh vegetables, root crops, sugar, and fresh fruits.

ADVERTISEMENT

The Department of Energy, on the other hand, is responsible for household liquefied petroleum gas and kerosene.

Under the Price Act, prices of basic necessities are automatically frozen at their prevailing prices for 60 days in an area where a state of calamity has been declared.

Under the same law, penalties for price manipulation include imprisonment of five to 15 years, with fines ranging from P5,000 to P2 million.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Those found violating the price ceiling, meanwhile, face prison time of one to 10 years, as well as fines ranging from P5,000 to P1 million.

TAGS: DTI, DTI price freeze, state of calamity

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.