The Department of Trade and Industry has issued Show Cause Order (SCO) to 51 retailers for selling basic necessities and prime commodities (BNPCs) at 10 percent higher than the preceding month’s prices while six others were issued Letter of Inquiry (LOI) for selling items above the suggested retail price (SRP).
These orders were issued by DTI following an inspection conducted by Fair Trade Enforcement Bureau (DTI-FTEB) Officer-In-Charge (OIC) Director Atty. Marimel Dancel Porciuncula and FTEB OIC Assistant Director Atty. Joseph Manuel P. Pamittan on 76 retail firms within Pasig, Parañaque, Malabon, and Quezon City.
The monitoring and inspection was conducted as part of the FTEB’s newly launched “Sweeptember” campaign in the National Capital Region (NCR) to ensure stable prices and supply of BNPCs.
The DTI noted that out of the 76 inspected retail firms, 70 were compliant with the SRP bulletin released last 12 August 2022. This translates to over 92 percent SRP compliance rate in the NCR.
However, DTI issued SCOs to 51 retail firms for apparently selling BNPCs priced more than 10 percent higher than the preceding month; and without or with an inconsistent price tag. The SCO gives them 48 hours from receipt within which to submit a written explanation.
In addition, the DTI also issued LOI to six retailers for selling items priced higher than the SRP. Those stores have to submit a written explanation within 72 hours from the receipt of the letter. To date, four out of the six already submitted their written explanation.
“The launch of the ‘Sweeptember’ initiative is a step ahead of the price movement that the rainy season might cause to ensure that only quality and reasonably-priced products will be available for our consumers,” said Porciuncula.
Meanwhile, Consumer Protection Group (CPG) Undersecretary Atty. Ruth B. Castelo commended the cities with firms that have shown adherence to the SRP bulletin, which gives consumers the freedom to choose products that they can afford.
“We encourage sellers and manufacturers to comply with the SRP bulletin as such informs and protects consumers from deceptive or unconscionable transactions,” Castelo reiterated.
Republic Act No. 7581, as amended by R.A. 10623, or the Price Act gives the DTI and other implementing agencies such as the Department of Agriculture, Department of Health, Department of Environment and Natural Resources, and Department of Energy, the mandate of ensuring the availability of basic necessities and prime commodities at reasonable prices at all times without denying legitimate businesses a fair return on investment.
The DTI-FTEB weekly monitors the price and supply of basic necessities such as, but not limited to, canned sardines, processed milk, powdered milk, coffee, bread, instant noodles, salt, detergent soap, bottled water, and candles; and prime commodities such as, but not limited to, canned meat, vinegar, patis, soy sauce, toilet soap, paper, school supplies, batteries, flour, cement, G.I. Sheets, hollow blocks, construction nails, light bulbs, electrical supplies, and steel wires.
The DTI enjoins consumers to report retailers, distributors, and manufacturers that sell basic necessities above their SRPs, through the Consumer Care Hotline at DTI (1-384) or [email protected].