DTI Secretary Says Price Freeze Enforced in Areas Placed Under State of Calamity Due to Typhoon Rolly
The Department of Trade and Industry (DTI) implements price freeze in areas, which were placed under a state of calamity.
On Tuesday (November 3, 2020), Trade and Industry Secretary Ramon Lopez said that price freeze has been automatically imposed in calamity areas, which was severely affected by Typhoon Rolly.
Lopez said that the prices of basic commodities including canned goods, instant noodles, coffee, milk, and other items are freeze. Individuals who will be caught violating the price freeze would face charges and will be fine of up to P2 million.
DTI secretary said that several areas have been already placed a state of calamity last week due to the effects of Typhoon Quinta. Cavite and Camarines Sur have been also placed under a state of calamity on Monday (November 2, 2020).
“Unang-una, the Typhoon Quinta last week, so may mga state of calamity, so automatic price freeze doon sa mga calamity areas—Albay, Batangas, Oriental Mindoro, Marinduque, tapos, yesterday, nag-declare na rin ang Cavite , o price freeze na rin tayo diyan,” Lopez said.
The DTI official explained that the prices can still be controlled by implementing the suggested retail price of basic commodities even without the price freeze.
He also said that the prices of basic necessities must remain unaffected because the shipment of goods immediately resumed after the devastation of the strongest storm of the year.
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