Price of sardines to increaseby P1.12 PDF Print E-mail
Friday, 16 March 2018 13:17

By RG Antonet Go

Prices of sardines are expected to increase by more than a peso by the end of March this year, according to a trade official.

Ceferino Rubio, DTI provincial director, said that the price of sardines will increase by P1.12 due to a corresponding increase in the price of tamban and fuel.

“We were made to understand that the prices of canned goods especially sardines will have an increase not as a result of Tax Reform for Acceleration and Inclusion law (TRAIN) but as a result of the increase in fishing cost attributed to an increase in the price of fuel,” Rubio said.

Prices of sardines are pegged from P12.50 to P15 per can.

The price of tamban reportedly shot up from P17 per kilo to P24 after the start of the fishing season early this month.

The price of gasoline meanwhile, shot up from P32 per liter last year to P42 at present.

Meanwhile, the DTI admitted that last January 1 price of some  sweetened items  and beverages have already increased.

This is due to the implementation of  RA 10963 or the Tax Reform for Acceleration and Inclusion law. The new law will bring increase in excise tax which affects petroleum products, cars, softdrink, and other sweet drinks which will affect consumers. (RGAAGo)