In this time of global uncertainty triggered by the Middle East crisis, the Department of Trade and Industry (DTI) said it is strongly enforcing the law against hoarding of essential goods and retailers engaging in profiteering.
In a statement, Secretary Cristina A. Roque emphasized these illegal trade practices cannot be tolerated under the Price Act (Republic Act No. 7581) and other relevant laws.
The most severe punishment for such activities, classified as illegal price manipulation, are 15 years imprisonment and a fine of up to P2 million.
Likewise, Roque urged consumers to stay vigilant and to work closely with our agency. Report suspicious activities through DTI’s 18 regional offices nationwide or via our contact hotlines 1DTI (1-384) You may also send your complaints directly to Sec@dti.gov.ph.
“Together, let us safeguard fair trade and protect Filipino families,” Roque said.
