The government will continue to monitor commodity prices as
petroleum companies warned of an impending price hike this week following oil
price movement in the global market.
Presidential Communications Operations Office Secretary Herminio Coloma Jr. said the government has been carrying out measures to prevent unreasonable adjustments in commodity prices.
Presidential Communications Operations Office Secretary Herminio Coloma Jr. said the government has been carrying out measures to prevent unreasonable adjustments in commodity prices.
But he mentioned today's market realities noting
commodity prices are driven by market forces and the government can't do much
about it.
"Hindi na po tayo dapat maligalig kapag nagaganap ito dahil batid din naman natin na sasapit ang panahon na bababa rin ‘yung presyo," he said.
With regards to the movement of prices of basic commodities such as food and other supplies, he said the Department of Trade and Industry is monitoring the market situation.
The DTI said recently that it was able to trace traders and businessmen violating the law after failing to adjust their prices even after the continued drop in oil prices in the past several weeks.
"Kaya makakaasa po ang ating mga mamamayan na kung mayroong nagsasamantala ay pananagutin po sila nang naaayon sa batas," Coloma said. (PCOO News Release)
"Hindi na po tayo dapat maligalig kapag nagaganap ito dahil batid din naman natin na sasapit ang panahon na bababa rin ‘yung presyo," he said.
With regards to the movement of prices of basic commodities such as food and other supplies, he said the Department of Trade and Industry is monitoring the market situation.
The DTI said recently that it was able to trace traders and businessmen violating the law after failing to adjust their prices even after the continued drop in oil prices in the past several weeks.
"Kaya makakaasa po ang ating mga mamamayan na kung mayroong nagsasamantala ay pananagutin po sila nang naaayon sa batas," Coloma said. (PCOO News Release)
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