DEPARTMENT of Trade and Industry (DTI) Secretary Ramon Lopez said the agency is studying the situation in Mindanao if it needs for extension of price freeze once the 60-day martial law ends next month.
“With the gravity of the situation, there is a possibility. We are not yet saying yes. We’re studying that to extend the 60-day period,” Lopez said in a media briefing following the National Price Coordinating Council (NPCC) meeting Thursday.
Lopez, who is also the NPCC chair, noted that the possible extension of price freeze would be the same coverage for the current price freeze implementation, which is the entire Mindanao.
“Just for assurance and guarantee that these should be the prevailing prices, no fluctuating variables in terms of prices, then that’s the only reason why we will probably recommend an extension,” he said.
“It will need approval from the President,” he said in Filipino.
The official noted that DTI will be looking at the legality of the extension as the 60-day automatic implementation of price freeze is a provision under the declaration of martial law, state of emergency, or state of calamity.
“We will also study the legality. If it merits the need for extension once martial law ended,” Lopez said in Filipino. (Kris M. Crismundo/PNA)
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