Directing Measures To Prevent Excessive Increases in the Prices of Certain Prime Commodities in the National Capital Region

EXECUTIVE ORDER NO. 423 October 4, 1990

DIRECTING MEASURES TO PREVENT EXCESSIVE INCREASES IN THE PRICES OF CERTAIN PRIME COMMODITIES IN THE NATIONAL CAPITAL REGION

WHEREAS, to prevent unreasonable increase in the prices of certain prime commodities as a result of adjustments in the domestic petroleum prices and the rise in the peso to dollar exchange rate, and to protect the people from hoarding, profiteering, injurious speculations, manipulation of prices and other activities calculated to take advantage of the situation, certain measures must be undertaken;

NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by virtue of the powers vested in me by law, do hereby order:

Sec. 1. The Secretary of Trade and Industry is hereby directed to impose price ceilings on certain commodities in the National Capital Region and to take such measures as may be appropriate to ensure the availability of, and reasonable prices of, said commodities.

Sec. 2. The prime commodities and their respective price ceilings are hereby set as follows:

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Summary of Executive Order No. 423

Objective: To prevent excessive price increases of certain prime commodities in the National Capital Region due to adjustments in domestic petroleum prices and peso-dollar exchange rate, and to protect the public from hoarding, profiteering, and price manipulation.

Provisions:
- The Secretary of Trade and Industry is directed to impose price ceilings on certain commodities in the National Capital Region and take measures to ensure availability and reasonable prices. (Section 1)
- Price ceilings are set for the following commodities:
• Rice: Prices are set for different stages (miller to wholesaler, wholesaler to retailer, retailer to consumer) with specific amounts in pesos per bag or per kilogram for regular milled and well-milled rice. (Section 2.1)
• Milk: Prices are set for different types (sweetened filled, evaporated filled, powdered filled) with specific amounts in pesos per can. (Section 2.2)
• Sugar: Prices are set at P15.90 per kilogram for refined sugar (inclusive of 10% VAT) and P11.80 per kilogram for brown sugar (VAT-exempt). (Section 2.3)
• Pork liempo with skin: Price is set at P56.00 per kilogram. (Section 2.4)
• Hard flour (25 kg bag): Price is set at P270.00. (Section 2.5)
• Chicken (fully dressed): Price is set at P55.00 per kilogram. (Section 2.6)
• Cooking oil (single refined): Prices are set at P4.20 for 354 grams and P8.40 for 708 grams. (Section 2.7)
• Kerosene and liquefied petroleum gas (LPG) prices are set by the Energy Regulatory Board. (Section 2)
- The Secretary of Trade and Industry is authorized to review, adjust or revise the price ceilings, subject to the approval of the Office of the President. (Section 3)
- The Department of Trade and Industry is directed to implement the order, impose penalties under Executive Order No. 913 (1983), and institute criminal and civil prosecutions under applicable laws. (Section 4)
- The Department is authorized to mobilize and deputize government agencies, local governments, law enforcement agencies to implement the order. (Section 5)
- Nationwide price ceilings on rice under National Emergency Memorandum Order No. 29 and ceilings in earthquake-stricken areas under Executive Order No. 414 (1990) remain in force, except in the National Capital Region where the new ceilings apply. Transport and handling costs are allowed upon approval. (Section 6)
- The order takes effect immediately upon publication in a newspaper of general circulation and remains in effect until revoked. (Section 7)