DTI-Cebu conducts emergency price monitoring and evaluation of supply situation

A day after an earthquake struck Cebu last Tuesday, Oct. 15, the Department of Trade and Industry Provincial Office conducted an emergency monitoring of supply and prices of basic and prime commodities.

In conducting the price monitoring, DTI provincial director Nelia Navarro said that representatives of the department personally checked various establishments and inspected the price rates of retailers.

The recent evaluation was then compared in the price monitoring reports three months before the calamity struck.

Navarro said that around 11 teams have been deployed by DTI in Cebu to monitor everyday prices and supply of basic and prime commodities.

Once it is proven that a particular establishment has increased its price list, DTI shall call the attention of the owner who will then be asked for an explanation why the price increase was synchronized with the calamity, Navarro explained.

The trade department also analyzed the supply situation of basic and prime commodities in Cebu. said that around 11 teams have been deployed by DTI in Cebu to monitor everyday

DTI Cebu staff checked whether there are instances of panic buying and ensured that there is sufficient supply of basic and prime commodities.

Navarro requests the consumers to report to NERBAC Cebu office at (032) 255-3926 or (032) 255-6971 any  price increases made by unscrupulous retailers or shortage in supply of commodities.

To recall, Cebu, along with Bohol, has been declared under a state of calamity. This declaration automatically freezes the prices of basic and prime commodities. (ends)

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