The San Juan City local government, Metro Manila Development Authority , Department of Trade and Industry , and Department of Agriculture held a joint price monitoring inspection at the Agora Market on Tuesday, Feb. 21, as part of its efforts in ensuring that all vendors in the city are following the mandated suggested retail price list issued by the national government.
According to him, vendors who are found selling overpriced products will be penalized under City Ordinance 32, series of 2008 or the Ordinance Creating the Local Price Control Coordinating Council. First time violators will be fined P2,000, second time offenders will be fined P3,000, third time offenders will be fined P5,000, and their permits will be revoked.
On Feb. 10, the mayor said that the MMC will immediately convene to tackle the increasing number of traders and vendors who are not following the suggested retail prices on various goods and commodities issued by the DTI. The DTI released its latest SRP bulletin on Feb. 8 on some basic commodities such as canned meat, sardines, noodles and bread, the prices of which have gone up by as much as 10 percent.
“We are compelled to allow price adjustments of some manufactured BNPCs to make sure that manufacturers continue to produce these fast-moving consumer goods,” she said.
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