Skip to main content

DTI monitors implementation of 60-day price freeze in Ilocos Norte

Image
By
By Leilanie G. Adriano
Staff Reporter

Laoag City—Following the declaration of 60-day price freeze in all areas declared under State of Calamity including Ilocos Norte, the price monitoring team of the Department of Trade and Industry (DTI) based in the province are now checking commercial establishments here to ensure no price hike in basic commodities.

Provincial DTI chief Benjamin Garcia said prices of non-agricultural basic necessities such as canned goods, evaporated milk, condensed milk, powdered milk, coffee, laundry bar and detergent, instant noodles, bread, salt, candles, and bottled water are frozen at their prevailing prices.

Prices of agricultural basic necessities such as rice, corn, cooking oil, fresh and dried fish and other marine products, fresh eggs, pork, beef, poultry, fresh milk, fresh vegetables and fruits, root crops, and sugar are also frozen at their prevailing prices.

Under Republic Act No.10623 or the Amended Price Act, liquefied petroleum gas (LPG) and kerosene are also covered by the price freeze.

DTI particularly states only basic necessities are covered by the price freeze. Their prices must conform to the prevailing prices before the declaration of State of Calamity, and should not exceed the Suggested Retail Prices (SRPs). As for non-agricultural prime commodities such as canned pork, beef and chicken, vinegar, fish sauce, soy sauce, bath soap, and battery, prices of these products must adhere to their respective SRPs.

The prevailing price is the most observed monitored price of a product prior the hit of typhoon and declaration of State of Calamity.

All products covered by the price freeze and their corresponding prevailing prices will be disseminated to all concerned Local Price Coordinating Councils (LPCCs), published in local newspapers, and uploaded in the DTI website (www.dti.gov.ph) within the week.


Pursuant to Republic Act (RA) No. 7581, as amended by R.A. 10623, penalties for violation against the price freeze include the imposition of fine of P5,000.00 up to P1,000,000.00 and/or imprisonment of one (1) year up to ten (10) years.
Labels:

Comments

Post a Comment

Popular posts from this blog

Empanada festival: A celebration of good taste and good life

By
By Dominic B. dela Cruz & Leilanie G. Adriano Staff reporters BATAC CITY—If there is one thing Batac is truly proud of, it would be its famous empanada-making business that has nurtured its people over the years. Embracing a century-old culture and culinary tradition, Batac’s empanada claims to be the best and tastiest in the country with its distinctive Ilokano taste courtesy of its local ingredients: fresh grated papaya, mongo, chopped longganisa, and egg. The crispy orange wrapper and is made of rice flour that is deep-fried. The celebration of this city’s famous traditional fast food attracting locals and tourists elsewhere comes with the City Charter Day of Batac every 23 rd  of June. Every year, the City Government of Batac led by Mayor Jeffrey Jubal Nalupta commemorate the city’s charter day celebration to further promote its famous One-Town, One Product, the Batac empanada. Empanada City The Batac empanada festival has already become...
14 comments
Read more

2020 Laoag City Traffic Code

By
  Republic of the Philippines Province of Ilocos Norte CITY OF LAOAG   SANGGUNIANG PANLUNGSOD   EXCERPT FROM THE MINUTES OF THE 58 TH REGULAR SESSION OF THE 11 TH SANGGUNIANG PANLUNGSOD OF LAOAG HELD AT THE SANGGUNIANG PANLUNGSOD SESSION HALL, LAOAG CITY ON OCTOBER 14, 2020. PRESENT: 1.        Hon. Vicentito M. Lazo                                                 City Vice-Mayor/Presiding Officer Hon. Juan Conrado A. Respicio II                                              S.P....
44 comments
Read more

Marcos town celebrates 3rd Pinakbet Festival

By
MARCOS, Ilocos Norte—Taking pride of this town ’s favorite Ilo cano dish, locally known as pinakbet, a mix of indigenous vegetables steamed in fish sauce, residents here ushered the opening of the third Pinakbet festival. “Pinakbet” came from the contracted Ilokano word ‘pinakebbet ’ which means “ shrunk ” or “shriveled.” As a way of thanksgiving, the Pinakbet festival is a repository of the town ’ s “ani” [harvest] festival being celebrated every month of March but this was later moved to December to accommodate more balikbayans wanting to join the festivity. Residents in this agricultural town derived most of their income from the harvest of high value crops, including rice, tobacco and corn as staple crops. This year, the week-long festivity highlighted a grand parade around the town plaza and a pinakbet cook fest at the municipal gymnasium to showcase the best pinakbet in town. A boodle fight followed suit. Earlier, a fun run was participated by various groups ...
5 comments
Read more