By THEPHILBIZNEWS STAFF
With the rising demand for face masks due to the eruption of Taal Volcano, the Department Trade and Industry issued a warming to some retailers after reports from the public about unreasonable price of face masks.
DTI said that those who are found taking advantage of the surge in demand of these products will be dealt with to the fullest extent of the law.
In the advisory sent by DTI to THEPHILBIZNEWS, it said that they dispatched teams to monitor and observe movement of retail prices in the market.
“Those found to have unreasonably increased their prices for gas masks, face masks and other similar items, which act is tantamount to profiteering will have to face the consequence of their action.
Prices of manufactured basic necessities and prime commodities shall likewise remain unchanged as of the published September 30, 2019 DTI Suggested Retail Price Bulletin.
DTI will not hesitate to file administrative and criminal charges against unscrupulous business entities and individuals who capitalize on the consumers’ need for their own profit.
