Inday Bisdak Blog

Enjoy decorating your life, paint with smile and draw with love…

Price ceiling imposes on basic goods…

Posted by Inday Bisdak on October 9, 2009

Price ceiling means that sellers are not allowed to increase prices (for 60days  or according to DTI advertised date) after the state of calamity.

No price increased on basic goods during an emergency.

Price ceiling on basic commodities to prevent unscrupulous  traders from raising prices in the awake of the devastation typhoons name  Ondoy and Pepeng.

The price of goods must be  the same of the imposed prices from the DTI  (Department of Trade and Industry). The standard retail prices of basic commodities. This is effective in all the areas under the state of calamity. The list of goods  that are automatically  controlled in a times of emergency.

The commodities covered by the price ceiling include canned sardines, processed  milk, coffee, instant noodles, detergent soap, rice, meat, poultry, sugar, cooking oil and others basic consumption. The order covers both wet market and supermarkets.

However the price ceiling does not cover the include the LPG (liquefied petroleum gas) and the construction materials. Construction material are classified as prime commodities but certain construction materials will not imposed of increase prices.

Violators of the price ceiling overpricing faces imprisonment of ten (10years) and a fine of P1million for those sellers who caught increasing their prices.

Note:

Please to all traders  at times like this don’t take advantage  of the crisis unnecessarily to increase the prices of  basic goods and commodities. At time like  this we can overwhelmed by the magnitude of the tragedy that has just occurred and the challenge to rebuild and recover. Let’s help one another…and be as one for unity…

Thank  you for your cooperation.


Advertisements

One Response to “Price ceiling imposes on basic goods…”

  1. hello,

    thanks for the great quality of your blog, each time i come here, i’m amazed.

    black hattitude.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: