Philippine Government Sets Rice Price Cap, Assures Consumers Amid Price Hikes
Malacañang assured the public that the government is taking measures to protect consumers as the Department of Trade and Industry anticipates commodity price increases after April 15, driven by soaring fuel costs from the Middle East conflict. President Marcos Jr. has now announced a P50 per kilo price ceiling for imported rice as part of these efforts.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (27/100)Sources
Gov’t sets P50 price cap for imported rice
President Ferdinand R. Marcos Jr. on Tuesday announced a price ceiling of P50 per kilo for imported rice as part of government efforts to cushion the impact of rising fuel costs caused by the conflict in the Middle East. “When the price of oil goes up, food prices are next. That’s something we don’t want
By NewsPublish
Read full article →Palace: All measures being done to protect consumers
As the Department of Trade and Industry expects price increases in some commodities after April 15 due to the soaring fuel costs spawned by the war in the Middle East, Malacañang yesterday assured the public that the government would implement all necessary measures to cushion the impact on consumers.
By Helen Flores
Read full article →Coverage Timeline
Related Stories
Philippine Shipping Firms Allowed to Hike Fares and Cargo Rates by Up to 30%
just now
High Fuel Prices Impact Consumers and Industries Globally
just now
With surge in fuel cost, Agusan Sur trike drivers’ income drop by half
4m ago
GTCO Reports N1.62 Trillion Interest Income and N1.23 Trillion Profit
7m ago