2 stores in Cagayan de Oro violate SRP rules
In a joint price surveillance by the Department of Trade and Industry (DTI) and the Cagayan de Oro City Price Coordinating Council (CDO-CPCC), September 2, two stores were found to have violated the suggested retail price (SRP) rules.
Almer Masillones, DTI Misamis Oriental provincial director,
The team also spotted minor violations such as failure to put visible price tags on the display shelves and not posting an on-view SRP bulletin.
The DTI immediately issued an inquiry notice requiring the alleged violators to comply within three days.
"Since the DTI issued the new suggested retail price last month, we are validating whether the SRP is being implemented and find out if no one violated the directive,” Masillones said.
DTI MisOr emphasized that certain commodities such as canned sardines, processed milk, coffee refill, noodles, laundry soap, bottled water, candles, meatloaf, beef loaf, and condiments like salt, soy sauce, and vinegar, showed a slight increase in the SRP released by Central Office on August 12 compared to the SRP that had previously been issued.
This was attributed to the cost of raw materials, production, packaging charges, and freight and distribution costs, according to DTI.
The team's inspection records
“While everyone is doing their business, we too are safeguarding our consumers that will result in a vibrant economy,” Lawyer Egay Uy, Cagayan de Oro City’s regulatory compliance
To protect consumers from establishments that may take advantage of current market pricing on school supplies, basic necessities and prime commodities, DTI Misamis Oriental urged the purchasing public to report any violations to their office via DTI Misamis Oriental Facebook page or by visiting their office at State Investment Building, Tiano-Hayes streets, Cagayan de Oro City. (JAKA/PIA-10/Misamis Oriental)