CALAPAN, Oriental Mindoro, June 10 (PIA) – The Department of Trade and Industry (DTI) provincial office here recently distributed posters on the 2016 Price Guide for School Supplies to 20 business establishments in Calapan City.
DTI-Consumer Protection Advocacy Bureau (DTI-CPAB) released the 2016 Price Guide for School Supplies to assist the consumers on their purchases as well as the retailers on their distribution and sale.
The guide includes the Suggested Retail Prices (SRPs) for school supplies that were issued by manufacturers to retailers so as to ensure market share and fair competition in the market. These prices factor would contribute to the production cost, distribution cost, and profit margins of retailers and distributors.
The 2016 version of the “Gabay sa Presyo ng School Supplies” features a new format in which products are classified according to prices with no changes, increases and decreases for easy reading and reference of consumers.
The price guide was published on May 17, 2016 in Manila Bulletin, Philippine Daily Inquirer, Abante and Bulgar. It can also be accessed at http://www.dti.gov.ph.
DTI’s “Gabay sa Presyo ng School Supplies” offers a wide variety of brands of school supplies, giving consumers more choices in shopping for said goods. Retailers and manufacturers are enjoined to comply with the price guide for school supplies.
DTI OrMin also continues to intensify its price monitoring activities on school supplies. Retailers found to be selling above the prices indicated in the “Gabay sa Presyo ng School Supplies” will be issued with Show Cause Orders (SCOs) to have them explained on the high prices of their products within 48 hours.
Pursuant to DTI Department Administrative Order (DAO) No. 06, Series of 2007, retailers found to be selling at very high prices can be imposed with an administrative fine of P20,000 to a maximum of P1,000,000 while criminal penalties under the Price Act include imprisonment from five up to 15 years.
Consumers are advised to be guided by the “Gabay sa Presyo ng School Supplies” on their purchases, and to report retailers selling above the prices indicated in the guide by calling DTI-Oriental Mindoro at (043) 286-7093 or (043) 441-1118. (DTP/LTC/PIA-Mimaropa/Calapan)