The Department of Trade and Industry (DTI) reminds both retailers and consumers that prices of basic necessities and prime commodities (BNPCs) listed in the most recent Suggested Retail Price (SRP) bulletin published on February 2023 remain valid and--
The Department of Trade and Industry reminds both retailers and consumers that prices of basic necessities and prime commodities listed in the most recent Suggested Retail Price bulletin published on February 2023 remain valid and in force until a new bulletin is published by the agency.
“Following the request of some manufacturers for price increase citing various reasons, the DTI continues to study these requests for validation and comparison with international prices. And of course, we need to balance the interest of different sectors, we must ensure that Filipino families will have access to affordable BNPCs,” Trade Secretary Alfredo Pascual said.
“We carefully review the documents provided by the manufacturers as we have our own study and reliable references on the global prices of raw materials that allows us to determine the reasonableness of the requests,” Castelo said.
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