By Marisol Bo-oc | 11:49 PM January 04, 2021

The Department of Trade and Industry (DTI)-Bohol said it issued 64 show-cause orders to supermarkets and stores which violated price freeze orders in province affected by Typhoon Odette (international name: Rai).

In its monitoring bulletin, DTI-Bohol said the 64 stores have been found to be non-compliant with the issued price freeze order.

DTI said stores in the province should observe a price freeze since a state of calamity has already been declared in Bohol.

The price freeze is current prices of products should be the same as before the typhoon happened.

Items covered by the DTI’s price controls include consumer goods, power generator sets, construction materials, and fuel products.

It added that these establishments have been issued show cause orders to explain why they were overpricing.

DTI said violators may face imprisonment for a period of not less than one year but not more than 10 years, or a fine of not less than PHP5,000 but not more than PHP1 million.

The price freeze is current prices of products should be the same as before the typhoon happened.

Buyers who have been victimized by unscrupulous traders to file a complaint before DTI office.

Sections 6 and 7 of Republic Act 7581 or the Price Act provide that “prices of basic necessities in an area shall automatically be frozen at their prevailing prices or placed under automatic price control whenever that area is proclaimed or declared a disaster area or under a state of calamity; and a price ceiling may be imposed on any basic necessity or prime commodity considering the impendency, existence, or effects of a calamity.”

It has advised consumers to report any violations to mobile 09173005810, (038) 501 8260, email or message us at DTI Bohol Facebook Page.

By Bohol Island News

Your reliable source of news and content in the island and the rest of Central Visayas and Mindanao.

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