DTI obtains commitment from suppliers, retailers of no price increase for medical masks

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The Department of Trade and Industry (DTI) obtained on Wednesday the commitment of some drug and medical stores that they will not jack up their prices of face masks upon the surge in demand of these products after the eruption of Taal Volcano last Sunday.

Residents of Las Piñas City wore face masks to avoid inhaling the ashfall brought by the eruption of Taal Volcano in Batangas on Sunday.

DTI said N95 masks are sold at P120 up to P150 per piece while surgical masks that were priced at P1.00 per piece were sold at P4.00 per piece after the Taal eruption. These were mostly sold out due to an increase in public demand as ash fall enveloped nearby cities and provinces surrounding Taal. Since stocks of the medical masks were depleted, DTI talked with local suppliers and major drug store chains such as Mercury Drug, Watsons, and Southstar Drug to make sure that they immediately restock and ensure the constant availability of supplies in their branches, especially those located in the affected areas.

The department warned that those found to have unreasonably increased their prices for face masks and other similar items could be charged with profiteering and shall be dealt with to the fullest extent of the law.

 

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