VIGAN CITY — The Department of Trade and Industry in a news release announced the end of the nationwide price freeze of basic necessities on 11:59 PM last May 15. As a result, prices of basic necessities have reverted to their suggested retail prices (SRPs) on May 16.
The declaration of a State of Public Health Emergency (Proclamation No. 922) and State of Calamity (Proclamation No. 929) in March due to the COVID-19 pandemic triggered the implementation of Section 6 of the Price Act which freezes the prices of all basic necessities at their prevailing prices for sixty (60) days or until sooner lifted by the President.
The DTI, Department of Agriculture (DA), and Department of Health (DOH) issued a Joint Memorandum Circular (JMC) No. 2020-01 stating that the price freeze shall only take effect until 15 May 2020.
“The lifting of the price freeze will not affect the prices and supply monitoring and enforcement activities being conducted by the DTI, DA, and DOH and our partner enforcement agencies. These shall continue as usual following the directive of President Duterte to go after erring businesses and individuals, and deal with violators to the highest and fullest extent of the law,” said DTI Secretary Ramon M. Lopez.
With the end of the price freeze, consumers and retailers are advised to refer to the SRPs of basic necessities and prime commodities published by the DTI. A PDF is available for download on the official website. The same PDF is also embedded below.
The public is encouraged to report about overpricing and other illegal price manipulation to DTI using the One-DTI (1-384) Hotline or by sending an email to [email protected].