A new suggested retail price on basic commodities will be imposed to protect consumers from abnormal price increases while quarantine measures are being implemented.
The Department of Agriculture issued an administrative circular changing the SRP of commodities, Noel Reyes, DA spokesman said.
Reyes shared, “This is effective immediately. We will be posting this in markets to serve as basis for consumers in Metro Manila.”
The imposition of SRP is in line with the Price Act, which aims to ensure the availability of basic commodities at reasonable prices without denying legitimate businesses a fair return on investment.
Under the new list, medium-sized eggs should be sold at 6.50 per piece. SRP for dressed chicken is 130 pesos per kilo. Local galunggong should be sold at 140 pesos per kilo. The SRP per liter of cooking oil is 50 pesos. Special local rice should be sold at 53 pesos per kilo, premium at 45 pesos, and well-milled at 40 pesos.