MAKATI CITY—
Department of Trade and
Industry (DTI) Secretary
Fred Pascual reiterated
on Wednesday that prices of Basic Necessities
and Prime Commodities
(BNPCs) listed in the Suggested Retail Price (SRP)
Bulletin as of 08 February
2023 remains valid and in
force until a new bulletin is
published by the Department.
The DTI, as mandated by Republic Act No.
7581 or the Price Act, as
amended, issues the SRP
Bulletin of BNPCs under
its jurisdiction for the information and guidance
of manufacturers, distributors, and consumers.
“Following the
request of some manufacturers for price increase
citing various reasons,
the DTI continues to study
these requests for validation and comparison with
international prices. And
of course, we need to balance the interest of different sectors, we must ensure that Filipino families
will have access to affordable BNPCs,” Secretary
Pascual said.
Meanwhile, DTI
Consumer Protection
Group (CPG) Undersecretary Atty. Ruth Castelo said
that, “We carefully review
the documents provided
by the manufacturers as
we have our own study
and reliable references on
the global prices of raw
materials that allows us to
determine the reasonableness of the requests.”
“The DTI is in
constant communication
with BNPC manufacturers to ensure reasonable
prices and stable supply of
commodities,” she added.
Consumers are
enjoined to report retailers, distributors, and manufacturers that sell basic
necessities and prime
commodities above their
SRPs via One-DTI (1-384)
Hotline or email, ConsumerCare@dti.gov.ph
