Amid the ongoing international geopolitical tensions in the Middle East between Iran and Israel, the government through the Department of Trade and Industry assures that the prices of basic commodities remain stable.
The DTI team conducts a nationwide price monitoring to ensure that no traders take advantage of the situation.
Apart from that, DTI also assured the public that a steady supply of basic goods is available and that it is actively working with manufacturers to keep prices reasonable. The proactive measure is being put in place to prevent a possible increase in fuel prices due to the heightened conflict between Iran and Israel.
“We understand that even slight increases in the prices of basic goods can be felt deeply by ordinary Filipino families. This is why, in line with President Marcos Jr.’s directive, we are stepping up our nationwide monitoring efforts and working closely with industry players to prevent any unjustified price hikes,” Secretary Roque said.
The DTI’s collaboration with local government units and other agencies includes implementing price stabilization measures to ensure essential products remain accessible and affordable.
The latest Suggested Retail Price (SRP) Bulletin is accessible on the DTI website. Consumers are urged to report retailers, distributors, and manufacturers selling above the SRPs via One-DTI (1-384) Hotline or email, ConsumerCare@dti.gov.ph or ReporttoSec@dti.gov.ph.
