Friday, 08 April 2011 12:29
Malacanang allayed public fears on the possible increase in the prices of basic commodities as a result of the unabated rise in the cost of power and fuel saying that the trade department is closely monitoring prices.
“The DTI (Department of Trade and Industry) is strictly monitoring the increase of the prices of basic commodities to make sure that that there is no unnecessary movement in prices,” Deputy Presidential Spokesperson Abigail Valte told reporters in a press conference on Wednesday at Malacanang.
The Manila Electric Co. announced a higher electricity bills this month as the generation charge rose in April.
In the case of fuel price however, Valte said the DOE makes a regular computation and every Monday this data is shared to all the stakeholders mainly the transport groups to show them the appropriate fuel price increase.
“So it’s monitoring and awareness of what the prices should be based on the factors that are being considered,” she said noting that for the power rate increase, she’ll leave it to Energy Secretary Jose Rene Almendras.
Valte also said the Palace will announce a directive in the next few days related to the rising prices of power and oil.
“I can tell you that something is already being done about power and oil prices,” she said.
“When it comes to the prices of basic commodities, the concern of the government is the ordinary people. So, definitely, the solution will be geared for our people,” Valte said. (PCOO/PIA9-BST)
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