DTI IMPOSED PRICE FREEZE IN NCR DUE TO STATE OF CALAMITY

Price freeze order in NCR amid declaration of state of calamity in the region (Photo courtesy of Bernard Hermant)
 

Price freeze on basic necessities is implemented in the National Capital Region (NCR) according to the Department of Trade and Industry (DTI) due to the state of calamity declaration after the devastation of Typhoon Carina and Southwest monsoon.
 

“The price freeze, effective immediately, aims to protect consumers from unjust price increases during this time of crisis. We are committed to ensuring that basic goods remain affordable and accessible to all affected residents,” Trade Secretary Alfredo E. Pascual said.
 

“This price control includes essential goods such as rice, corn, bread, fresh vegetables, roots crops, pork, beef, poultry, eggs, milk, coffee, sugar, cooking oil, salt, laundry soap, detergent, firewood, charcoal, candles, and certain medicines classified as essential by the Department of Health,” he added.
 

The agency said that it will strictly monitor and enforce price freeze and coordinate with NCR regional offices and warns businesses that will attempt to exploit the situation.
 

“Those found violating the law will face severe consequences, including imprisonment and substantial fines. We urge all establishments to comply with the price freeze and prioritize the well-being of our fellow citizens during this difficult time.”
 

“We understand the challenges faced by our kababayans in Metro Manila due to the typhoon. Rest assured that the DTI is working tirelessly to maintain price stability and safeguard the welfare of consumers,” Secretary Pascual reassured.

Source: Daily Tribune

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