In a significant move to protect consumers from rising prices, Mandaue City has officially established a Price Monitoring Committee to oversee the cost of essential commodities throughout the city.
The initiative, led by Mayor Jonas Cortes, aims to ensure that basic necessities remain affordable and accessible to all residents during these challenging economic times. The committee will actively monitor markets and retail establishments to prevent illegal price manipulation and overcharging.
Protecting Consumer Rights
The newly formed council will focus on implementing Republic Act 7581, also known as the Price Act, which provides the legal framework for price control during emergency situations. This proactive approach demonstrates the city government's commitment to safeguarding consumer welfare.
Comprehensive Market Surveillance
Regular inspections will be conducted across various retail outlets, including:
- Public markets and supermarkets
- Grocery stores and convenience stores
- Pharmacies and drugstores
- Gas stations and fuel retailers
The monitoring will cover essential items such as rice, meat products, vegetables, medicines, and petroleum products to ensure compliance with fair pricing standards.
Collaborative Efforts for Economic Stability
Various city departments will work together in this initiative, including the City Treasurer's Office, City Legal Office, and the Business Permit and Licensing Office. This collaborative approach strengthens the city's ability to respond effectively to price-related concerns and maintain economic stability.
Residents are encouraged to report any instances of price abuse or unreasonable increases to the committee through established channels, ensuring community participation in maintaining fair market practices.
