The Department of Trade and Industry (DTI) has ordered a price freeze in earthquake-affected areas of the first district in Negros Oriental due to reported artificial increases in the prices of basic and prime commodities.
At least 44 stores were found to be jacking up prices in taking advantage of the situation.
Of this number, 12 stores were found overpricing in Guihulngan, nine in La Libertad, five in Jimalalud, four in Tayasan and 14 in Ayungon, according to DTI Regional Director Aster Caberte who was to lead a calamity “Diskwento Caravan” Monday in La Libertad and on Wednesday, February 22 in Jimalalud.
The regional DTI official said warnings were issued against those who violate provisions of the Price Act, particularly Section 15. They are told to maintain the Suggested Retail Price (SRP) prevailing in the area prior to the calamity.
Caberte stressed the calamity Diskwento Caravan is purposely aimed at normalizing the supply situation in those areas by flooding the markets with more than enough supply of prime and basic commodities.