The Department of Trade and Industry (DTI) said it is stepping up efforts to ensure the availability and price stability of basic and prime commodities (BNPCs) amid any spike or volatility in fuel prices caused by the Iran-Israel conflict.
Trade Secretary Cristina Roque announced on Thursday the agency has intensified price monitoring across public markets and supermarkets to ensure adherence to the suggested retail prices (SRPs) for 217 stock keeping units listed in its bulletin.
Roque also emphasized ongoing cooperation with manufacturers to maintain reasonable pricing.
In a dialogue held on June 23, Roque said the Canned Sardines Association of the Philippines pledged to hold off any price hikes.
To reinforce these efforts, the DTI said it is coordinating with local government units and other agencies to implement broader price stabilization strategies.
“The DTI assures the public of a steady supply of basic goods,” Roque said. “We recognize that even slight price increases can impact Filipino families, so we’re proactively working with industry players to curb unwarranted adjustments.”
Recent local fuel price hikes included increases of P3.50 per liter for gasoline, P5.20 for diesel, and P4.80 for kerosene—implemented on June 24 and June 26.
