VIRAC, Catanduanes, Nov. 14, (PIA) - The Department of Trade and Industry (DTI) provincial office here has reminded the public that the price freeze imposed by the national government also applies to Catanduanes.
According to DTI Catanduanes provincial director Hegino Baldano, the price freeze came after the declaration of the national state of calamity due to typhoon ‘Yolanda.’
He said that under price freeze, prices of basic necessities such as rice, pork, chicken, eggs, sardines and liquefied petroleum gas (LPG) in the whole country are not allowed to be raised by the retailers for any reason.
Prices of corn, bread, fish, milk, vegetable, root crops, coffee, sugar, cooking oil, salt, and other materials like laundry soap, firewood, charcoal, candles and medicines are also covered by price freeze.
DTI also warned the public that violation of Republic Act 7581 or The Price Act says those guilty of violating a prize freeze order may face up to ten years in prison, or be fined anywhere between P5,000 to P1 million.
Recently, DTI clarified that the price freeze is nationwide and not just in the areas hit by super typhoon Yolanda.
The price ceiling is expected to be released by DTI within the week. (MAL/EAB-PIA5/Catanduanes)
According to DTI Catanduanes provincial director Hegino Baldano, the price freeze came after the declaration of the national state of calamity due to typhoon ‘Yolanda.’
He said that under price freeze, prices of basic necessities such as rice, pork, chicken, eggs, sardines and liquefied petroleum gas (LPG) in the whole country are not allowed to be raised by the retailers for any reason.
Prices of corn, bread, fish, milk, vegetable, root crops, coffee, sugar, cooking oil, salt, and other materials like laundry soap, firewood, charcoal, candles and medicines are also covered by price freeze.
DTI also warned the public that violation of Republic Act 7581 or The Price Act says those guilty of violating a prize freeze order may face up to ten years in prison, or be fined anywhere between P5,000 to P1 million.
Recently, DTI clarified that the price freeze is nationwide and not just in the areas hit by super typhoon Yolanda.
The price ceiling is expected to be released by DTI within the week. (MAL/EAB-PIA5/Catanduanes)
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