A total of 33 basic necessities and prime commodities (BNPC) —including milk and canned goods such as sardines and meatloaf —are included in the price increase request list owing to rising fuel prices caused by the Ukraine-Russia conflict------ Read more👇
A total of 33 basic necessities and prime commodities —including milk and canned goods such as sardines and meatloaf —are included in the price increase request list owing to rising fuel prices caused by the Ukraine-Russia conflict, Trade Secretary Ramon Lopez said Sunday.
Vendors at local markets also said prices were inflated by a lack of supply from the provinces, especially from Benguet, as truckers have limited their trips to Manila owing to the runaway fuel costs. In January, the DTI provided an updated suggested retail prices list for BNPCs such as canned food and other food products, bottled water, dairy, and common household or kitchen supplies.
Earlier, Trade Assistant Secretary Ann Cabochan said the department is not keen on freezing prices on basic necessities, as Republic Act No. 7581 or the Price Act has mechanisms in place for mandating so.
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