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DTI Abra intensifies price monitoring

BANGUED, Abra, June 11 (PIA) -- Overpricing, price deregulation, and wrong price tagging. These are the common violations of business establishments that need to be addressed by the Department of Trade and Industry (DTI).

 

DTI-Abra headed by Provincial Director Arell F. Bañez has intensified its monitoring of business establishments and grocery stores  in this capital town to ensure prices of basic and prime commodities being sold in the market are within the latest Suggested Retail Price (SRP) and articles bear appropriate price tag label.

DTI paired up with the Provincial Government of Abra, municipal local government of Bangued, Abra Provincial Police Office, Philippine Information Agency and the local media to keep an eye on unjustifiable price increase of basic necessities and prime commodities especially in grocery stores.

Bañez warned all retailers not to take advantage of and make the implementation of the Tax Reform for Acceleration and Inclusion or the TRAIN law as an alibi for not complying with the SRP toavoid being penalized under Republic Act No. 7581 or Price Act.

When the retailer sells or offers the basic and prime commodities to the consumer by more than 10 of its true worth, he or she is committing an act of profiteering based on Section 3 of the Implementing Rules and Regulations of the Price Act., he explained.

On the other hand, if the retail store displays outdated price tags which cost lower than the latest SRP, the SRP cannot be imposed to the consumer upon payment because the price tags that are posted shall always be the basis of payment.

Banez encouraged the public to report their complaints on prices and supply of basic and prime commodities at DTI-Abra Provincial Office located at Brgy. Ubbog, Bangued, Abra. Juliet D. Pilotin (JDP/MTTB/CAGT – PIA CAR, Abra)