Price freeze in Surigao, Butuan cities
The Department of Trade and Industry (DTI) has declared a price freeze on basic goods in Surigao City following the devastation wrought by a magnitude 6.7 quake over the weekend.
The DTI also impose a price freeze following a declaration of a state of calamity last Jan. 31.
In its advisory, the DTI said prices of basic necessities are “automatically frozen at their prevailing prices” which shall be the average price of basic goods within a month from the state of calamity.
Unless sooner lifted, the price freeze shall be effective for not more than 60 days, provided that for household LPG and kerosene the duration shall be not more than 15 days.
Products covered by the price freeze include: rice; corn; bread; fresh, dried and canned fish and other marine products; fresh pork; beef and poultry meat; fresh eggs; fresh and processed milk; fresh vegetables; root crops; coffee; sugar; cooking oil; salt; laundry soap; detergents; firewood; charcoal; candles; drugs classified as essential by the Department of Health; potable water in bottles and containers; fresh fruits; locally manufactured instant noodles; household Iiquefied petroleum gas (LPG); and kerosene.
Violators shall suffer the imprisonment for one to ten years, or a fine ranging from P5,000 to P1,000,000 or both.