BICOL Saro party-list Rep. Brian Yamsuan yesterday filed a bill proposing the inclusion of liquefied petroleum gas (LPG), instant noodles, and potable water in containers and kerosene in the list of prime commodities as defined under the law to protect consumers from unwarranted price increases, especially during times of calamities.
House Bill (HB) 7977 seeks to amend Republic Act 7581 or the Price Act to include the four items in the list of basic necessities covered by the regular monitoring of the Price Coordinating Council (PCC).
“The Price Act is due for an update. The Act has not included ‘new’ goods that by virtue of their mass and necessary usage, qualify as basic necessities,” the bill’s explanatory note said.
The measure also provides a mechanism for greater flexibility in including or excluding types and brands of goods in the list of basic necessities or prime commodities.
Enacted into law in 1992, the Price Act ensures fair pricing and availability of basic necessities and prime commodities especially during times of calamities and emergencies. The law also outlines the responsibilities of government agencies in monitoring prices and ensures a just return on investment for legitimate businesses.
Under the Price Act, the inclusion or exclusion of goods in the list of basic necessities and prime commodities can be done upon the petition of concerned parties. HB 7977 amends this provision by also allowing the inclusion or exclusion of goods through motu proprio action of the concerned agencies of the PCC.
The secretary of the Department of Trade and Industry (DTI) chairs the PCC, which also includes as members the secretaries of the Department of Agriculture (DA), Department of Health (DOH), Department of Environment and Natural Resources (DENR), Department of the Interior and Local Government (DILG), Department of Transportation (DOTR), Department of Justice (DOJ), the Director General of the National Economic and Development Authority (NEDA), and one representative each from the sector of consumers, agricultural producers, trading, and manufacturers.
In Section 3 of the Price Act, the list of basic necessities include rice corn, bread; fresh, dried and canned fish and marine products; fresh pork, beef, and poultry meat; fresh eggs, fresh and processed milk, fresh vegetables, root crops, coffee, sugar, cooking oil, laundry soap, detergents, firewood, charcoal, candles, and drugs classified as essential by the DOH.
