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DTI orders price freeze in Kristine calamity areas
The Philippine Star
|October 24, 2024
A price freeze on basic goods has been imposed in areas placed under a state of calamity due to Severe Tropical Storm Kristine, according to the Department of Trade and Industry (DTI).
The price freeze means basic necessities will be sold at prevailing prices for 60 days.
As of Tuesday, Albay province and Magpet town in Cotabato have been declared under a state of calamity due to widespread floods and landslides.
Business establishments that violate the price freeze will face imprisonment for a period of one year to ten years, or a fine ranging from P5,000 to P1 million or both.
Consumers can report retailers, distributors and manufacturers that sell basic necessities above their prevailing prices by calling the One-DTI (1-384) Hotline or sending an email to ConsumerCare@dti.gov.ph.
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