The Department of Trade and Industry in Palawan met with local businessmen in the towns of Taytay and El Nido after reports show that prices of basic commodities there are higher than those in Puerto Princesa City.
Rosenda Fortunado, DTI provincial director said that they have received reports that prices of soap, sardines and noodles are higher than the suggested retail prices by eight to 10 percent.
“Maliban sa suggested retail price, kung ikukumpara sa presyo dito sa Puerto Princesa at SRP, sa noodles lang nasa 50 cents ang itinaas. Malaki nang halaga ito,” Fortunado said.
She said that after they conducted a price hearing with local businessmen, they immediately lowered the prices.
Fortunado said reminded them of the Price Act and Price Tag Law that should be followed by the major wholesalers and retailers.
Meanwhile, she reported that prices of flour, nails and steel went down last September caused by the rollback in the prices of petroleum products.