Worried about rising prices? DTI-6 says supplies remain stable

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By Mariela Angella Oladive

The Department of Trade and Industry Region 6 has assured the public that prices of basic necessities and prime commodities under its jurisdiction across Western Visayas remain stable, with sufficient supply available in markets throughout the region.

Amid global tensions in the Middle East, the agency said its provincial offices are actively monitoring price movements and stock levels in supermarkets, grocery stores, and other retail outlets to prevent any local price spikes.

DTI-6’s monitoring and enforcement of suggested retail prices are mandated under Republic Act No. 7581, or the Price Act of 1992, as amended by RA 10623, which empowers the agency to ensure the affordability and accessibility of essential goods.

The Price Act authorizes the DTI to impose price ceilings on basic necessities during emergencies and to set suggested retail prices for prime commodities to protect consumers from unjust price increases.

Common basic necessities and prime commodities covered under the law include rice, sugar, cooking oil, flour, canned goods, powdered milk, and selected staple products.

“DTI Region 6 works to safeguard consumers and keep essential products affordable and accessible,” the agency stressed in a public advisory released on March 6.

Residents are encouraged to report any suspected instances of overpricing or unfair trade practices to the nearest DTI provincial office.

The ongoing tensions in the Middle East have raised concerns globally over potential increases in crude oil prices, disruptions in shipping routes, and delays in the import of essential goods.

The Philippines sources some commodities, including cooking oil, sugar, and fuel, from both local production and imports, making careful market monitoring important to maintain stable prices and supply.