Zambales imposes 60-day price freeze after state of calamity declaration
SAN ANTONIO, Zambales — A 60-day price freeze on basic necessities is now in effect in Zambales following the declaration of a state of calamity due to the combined effects of the enhanced southwest monsoon and tropical cyclones Luis and Maymay.
The Department of Trade and Industry (DTI)-Zambales announced Monday, Aug. 24, that the price freeze took effect on Aug. 18 and will remain in effect until Oct. 17, unless lifted earlier.
The measure was imposed pursuant to Section 6 of Republic Act No. 7581, or the Price Act, and Sangguniang Panlalawigan Resolution No. 2026-395.
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READ: A week of storms: Monsoon, Luis, Maymay leave trail of destruction
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Under the price freeze, retailers are prohibited from selling basic necessities above their prevailing prices set by the DTI.
The DTI warned that retailers found selling basic necessities above the prescribed prevailing prices may face administrative penalties under the Price Act. /mcm
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