Prices of school supplies under tight watch: DTI PDF Print E-mail
Sunday, 29 May 2016 14:43

With the school opening just right around the corner, the Department of Trade and Industry (DTI)-9 has been closely monitoring the prices of school supplies in the city based on the recently released 2016 Price Guide.

Engr. Samuel Delos Reyes, acting chief of DTI-9’s consumer protection division, said the prices are generally stable, although there is a slight drop in prices of some commodities insofar as its weekly monitoring is concerned.

“The market forces in our city are having a great competition in pricing their goods, that’s why some stores are selling them at lower prices,” he explained.

Delos Reyes said the DTI had fielded personnel to monitor all the prices of the school supplies particularly pad paper, intermediate pad paper, writing notebook, pencil, ball pen, and crayon in the city.

DTI had released last May 17 the 2016 Price Guide for school supplies to assist the consumers in procuring their supplies, and the retailers in their distribution and sale.

The guide includes the Suggested Retail Prices (SRPs) for school supplies from the manufacturers to retailers so as to ensure market share and fair competition in sales. These prices factor in the production cost, distribution cost, and profit margins of retailers and distributors.

The 2016 version of the “Gabay sa Presyo ng School Supplies” features a new format in which products are classified according to prices with no changes, increases and decreases for the consumers’ easy reading and reference.

Pursuant to DTI Department Administrative Order (DAO) No. 06, Series of 2007, retailers found to be selling at very high prices can be imposed with an administrative fine of P20 thousand to a maximum of P1 million while the criminal penalties under the Price Act include imprisonment from five up to 15 years.

Consumers are advised to be guided by the “Gabay sa Presyo ng School Supplies” on their purchases, and to report retailers selling above the prices indicated in the guide by calling DTI Direct 751.3330 or 0917.8343330.  (FPG/EDT/PIA9-Zamboanga City with reports from Omar Jaljalis-OJT)