CAGAYAN DE ORO CITY, June 19 --- Trade and Industry (DTI) Secretary and National Price Coordinating Council (NPCC) Chairman Ramon Lopez urged all chairpersons of the Local Price Coordinating Council (LPCC) to strengthen the supply and price monitoring in Mindanao a week after President Rodrigo ‘Rody’ Duterte declared martial law in the entire island.
In his letter, he emphasized the importance of Republic Act 7581 Section 6 (also known as the Price Act).
The law states that “Unless otherwise declared by the President, 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 declared or placed under martial law.” In line with this, the LPCC bears a major role in the implementation of price freeze and in monitoring the movement of prices and supplies in different areas under the focused island.
The Secretary’s call for urgency aims to ensure that retailers are not selling above the prevailing retail prices in their respective areas and to immediately report and recommend actions to correct sudden price hikes and supply shortages.
In Northern Mindanao, there are 98 identified chairpersons of the LPCC, most of which are governors and mayors of municipalities and cities.
Recently, the secretary personally checked the prices of goods and commodities in a number of wet markets, grocery stores and supply storages in Iligan and Cagayan de Oro cities.
He also belied reports that prices in places near Marawi City, Lanao del Sur have tripled since there were no basis for the claim.
The intensified price and supply monitoring will be sustained until the Martial Law declaration in Mindanao will get lifted. (DTI-10/PIA-10)