Government watching prices of basic and prime commodities

Monday, March 28, 2011

Government watching prices of basic and prime commodities

by Venus G. Villanueva

KALIBO, Aklan, Mar 28 (PIA) -- The price monitoring activities of the Department of Trade and Industry (DTI) is one way of showing the people that the government is also looking into the prices of basic goods and prime commodities, according to DTI-Aklan Provincial Director Diosdado P. Cadena, Jr.

In an interview over a local radio station here, Cadena said the price monitoring is a government call for Filipinos to help each other by not taking advantage of the “current situation” by selling goods above Suggested Retail Prices (SRPs).

DTI’s monitoring also shows the public that the government is running after those who are not obeying regulations, according to Cadena.

Recently, DTI-Aklan conducted a One-Day Special Price Monitoring, and of the business establishments monitored, 11 were found to be selling basic necessities and prime commodities above SRPs.

Of the 11 establishments composed of grocery stores, supermarkets and wetmarket – 10 were able to answer the Show Cause Orders issued by the DTI, while one (1) remaining has not answered yet.

The 11 establishments were earlier found to be selling items higher by five (5) or seventy-five (.75) centavos.

The DTI said the letters of the establishments explaining why they sold products beyond SRPs were already sent to their main office for comment, however, if violations aare found, cases will be initiated by the DTI Provincial Office. (JCM/VGV PIA 6 Aklan) - - Diosdado Cadena Jr.