THE Department of Trade and Industry (DTI) has yet to finalize the latest suggested retail price (SRP) bulletin for basic necessities and price commodities.
DTI undersecretary Ruth Castelo on Monday said they are still negotiating the adjustment of prices after several manufacturers petitioned to increase prices in January due to higher production costs.
“We have seen justifications from the manufacturers kung bakit nila kailangan nila magtaas. Kasi varying ang percentage at peso value ng increases nila, marami tayong nakita na pwede naman o justified naman,” said Castelo in a public briefing.
“‘Yung iba na pwede naman but too high, we negotiated with the manufacturers kung pwede mababa muna or we can divide in tranches ‘yung kanilang movement,” added Castelo.
The DTI last updated the SRP bulletin in August 2022.
Castelo also said DTI secretary Alfredo Pascual will make the announcement of the updated bulletin once it is finalized, adding market prices will not move without its publication.
“As of now, consumers can [be] rest assured ‘di po gumagalaw ang presyo ng lahat ng mga products ng nasa SRP bulletin ng DTI. Until we make a new publication after the August 2022 publication ‘tsaka lang pwede mag-increase ng prices ang retailers natin sa merkado,” she added. (GMA Integrated News)
