DTI reiterates price freeze in areas under state of calamity
|Basic necessities in the Philippines|
Images via DTI
Basic necessities now also include household liquefied petroleum gas (LPG) and kerosene which shall maintain their prices for the next 15 days.
The Republic Act 7581 or the Price Act penalizes illegal price manipulation such as profiteering, imposing imprisonment of five years up to fifteen years and administrative fine of Php 5,000 up to Php 1 million.
Areas which have declared state of calamity include Albay, Camarines Sur, Naga City, Catanduanes, Masbate. (PNA)
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