DTI prompts retailers to adhere to SRPs PDF Print E-mail
Saturday, 30 August 2014 11:34

The Department of Trade and Industry Zamboanga City Office (DTI ZCO) prompts owners and operators of supermarkets, groceries, wet markets and general merchandise stores to comply with the Suggested Retail Prices (SRPs) for products classified under basic necessities and prime commodities of the Price Act of the Philippines.

Dir-Consumer Protection Group (CPG) Undersecretary Atty. Victorio Mario A. Dimagiba said that “at this time when speculations on price increases for these goods are rising as an effect of port congestion, the DTI reminds retailers to sell their products that are among the basic and prime lists within the SRPs”.

DTI ZCO readies Price Monitoring Reports (PMR) showing the prices of Basic and Prime goods in Zamboanga City every week. In addition to this, the DTI-ZCO also conducts monthly Market enforcement and Monitoring to ensure that the Price Act and other Fair Trade Laws (FTLs) of the agency are being followed by retailers. DTI warns that those found violating the Price Act of the Philippines shall face an administrative fine of up to One Million Pesos subject to the circumstances provided after due notice and hearing.

Consumers can access the list of SRPs for basic necessities and prime commodities at www.dti.gov.ph. Consumers can also report any complaint by visiting DTI-ZCO at 2"” Floor VHW Building, Veterans Avenue, Zamboanga City or by calling 991-2704 or 991-2705.