NegOcc mulls price cap on prime commodities

Posted by watchmen
December 29, 2021
Posted in HEADLINE

By Dominique Gabriel G. Bañaga

.The Provincial Price Coordinating Council will pass a recommendation to President Rodrigo Duterte to impose a price ceiling on prime commodities in Negros Occidental after reports of overpricing is still running rampant in areas hit hard by super typhoon “Odette.”.

Sipalay City government’s Business Permit and Licensing Office along with the Department of Trade and Industry and Philippine National Police conducted price monitoring and checking at the city’s business establishments yesterday amid reports of overpricing. (LGU of Sipalay City Facebook photo)

Negros Occidental’s provincial administrator, Atty. Rayfrando Diaz, said among the products and or services that would be covered by recommended price ceiling include water refilling, generator sets, and food products such as meat and poultry.

The price of generator sets had already sky rocketed as demand for it had gone up as many areas in southern Negros are still without power.

The price of chicken, meanwhile, had reportedly risen up to P240 per kilo in the southern Negros.

Diaz said they are still waiting for the official report from the Provincial Agriculture Office, while they have already received the report from the Provincial Veterinary Office.

The recommended price ceiling would be based on the prices three months ago, with a maximum of a 10 percent increase only.

So far, Diaz said the price freeze imposed by the Department of Trade and Industry only covers basic commodities.

He further added that Governor Eugenio Jose Lacson, who serves as the council’s chairman, will sign the resolution.

Earlier, Lacson appealed for cooperation from the local traders urging them not to take advantage of the situation by raising the price just so they could earn more money./DGB, WDJ


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