DTI enforces 60-day price freeze in NegOr amid Kanlaon unrest

Posted by siteadmin
January 21, 2025
Posted in TOP STORIES
A staff of the Department of Trade and Industry (DTI) checks the prevailing prices of goods at a grocery store in this undated photo. The DTI-Negros Oriental has approved a price freeze for basic commodities after the province was placed under a state of calamity due to the restive Mt. Kanlaon. (DTI-Negros Oriental / File photo)
A staff of the Department of Trade and Industry (DTI) checks the prevailing prices of goods at a grocery store in this undated photo. The DTI-Negros Oriental has approved a price freeze for basic commodities after the province was placed under a state of calamity due to the restive Mt. Kanlaon. (DTI-Negros Oriental / File photo)

The Department of Trade and Industry (DTI) in Negros Oriental has implemented a 60-day price freeze on basic commodities after the province was placed under a state of calamity due to Mt. Kanlaon’s volcanic activity.

DTI-Negros Oriental provincial director Nimfa Virtucio confirmed yesterday that the price freeze, approved with guidance from their regional office, will apply across the province, with prices varying by congressional district based on existing costs.

A list of affected commodities — including coffee, canned sardines, processed milk, powdered milk, instant noodles, detergent bars, and bottled water — will be published in a local newspaper this weekend, in compliance with legal requirements.

The price freeze is based on prevailing prices from the month prior to the calamity declaration.

The provincial government declared a state of calamity on December 27, with Governor Manuel Sagarbarria approving it on January 8.

Virtucio said the measure aims to prevent price manipulation amid the ongoing crisis. (PNA)

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