MANILA, Philippines – The Department of Trade and Industry (DTI) has issued a price freeze on basic commodities in the province of Batangas while the province is dealing with the effects of the Taal Volcano eruption.
In an advisory, DTI-Batangas informs all consumers and retailers that based on Section 6 of Republic Act 7581 or the Price Act, prices in an area proclaimed or declared a disaster area or under a state of calamity or under an emergency shall be automatically frozen at their prevailing prices or placed under automatic price control.
The price freeze followed after the entire province was placed under state of calamity for a period of 60 days due to the unrest of Taal Volcano.
Retailers and consumers are thus advised to follow the prevailing prices or price ceilings of basic goods in the province.
Under the Price Act, any retailer violating the list of prevailing prices of basic commodities will be fined P5,000 up to P1-M.
Basic necessities include coffee, bread, instant noodles, salt, bottled water, canned sardines, processed milk, powdered milk and candles among others.
LIST OF PREVAILING PRICES OF BASIC GOODS IN BATANGAS
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