With the declaration of State of Calamity (SOC) here in Marikina City due to Typhoon Mario, no adjustments of prices of basic commodities will be allowed.
According to DTI, the 60-day price freeze in all areas declared under SOC covers all basic goods such as canned fish and other canned marine products, evaporated milk, condensed milk, powdered milk, coffee, laundry bar and detergent, instant noodles, bread, salt, candles, bottled water, rice, corn, cooking oil, fresh and dried fish and other marine products, fresh eggs, pork, beef, poultry, fresh milk, fresh vegetables and fruits, root crops, and sugar are also frozen at their prevailing prices.
Liquified Petroleum Gas (LPG) and kerosene for household use are also covered but their prices are frozen at their prevailing prices for only 15 days (instead of 60 days).
Meanwhile for canned pork, beef and chicken, vinegar, fish sauce, soy sauce, bath soap, and battery, and other Non-agricultural products, the DTI says that prices of these products must adhere to their respective Suggested Retail Prices (SRP).
The prevailing price is the most observed monitored price of a product prior the hit of typhoon and declaration of State of Calamity.
Pursuant to Republic Act (RA) No. 7581 or the Price Act, penalties for violation against the price freeze include the imposition of fine of P5,000 up to P1,000,000 and/or imprisonment of one year up to 10 years.
Here are the list of prevailing market prices for basic commodities in Marikina: