Escudero urges gov't: Ensure prices of basic goods in typhoon-affected areas are stable
At A Glance
- Senator Francis "Chiz" Escudero on Wednesday, Nov. 5 reminded authorities to ensure that the prices of basic goods and prime commodities in the provinces severely affected by Typhoon Tino remain stable during this critical time.
Senator Francis “Chiz” Escudero on Wednesday, Nov. 5 reminded authorities to ensure that the prices of basic goods and prime commodities in the provinces severely affected by Typhoon Tino remain stable during this critical time.
Escudero, principal author of Republic Act No. 10623, which amended the law to provide protection to consumers, said prices should be closely monitored to stop the abuse and exploitation by unscrupulous merchants.
“We sympathize with the families of those who lost their lives due to the devastation brought by Typhoon Tino. The damage to homes and businesses from the severe flooding was also very heavy. Our prayer is that those affected by the typhoon will recover soon,” Escudero said.
“The most important thing for those affected by the typhoon is enough food, medicine, and materials to repair their damaged houses, so it is only right that there be enough food during these times and there is no shortage when it comes to their prices,” the former Senate leader stressed.
RA 10623 expanded the coverage of basic necessities and prime commodities to ensure that consumers are given more protection from undue price fluctuations during times of calamities or disasters.
Under the law, basic necessities now include potable water in bottles and containers, fresh fruits, locally manufactured instant noodles, household liquefied petroleum gas, and kerosene.
Livestock and fishery feeds were included in the list of prime commodities.
Also under RA 10623, price control of basic necessities is in effect for the duration of the state of calamity or emergency but not exceeding 60 days or in the event the President lifts the declaration earlier.