Manila, Philippines – President Ferdinand Marcos Jr. assured that the prices of basic goods in the market remain under control and will not be significantly affected by the ongoing petroleum crisis caused by the tensions in the Middle East.
During President’s visit to Agora Market in San Juan, accompanied by the Department of Agriculture (DA) and Department of Trade and Industry (DTI).
He stated that the government continues to monitor food prices in the country to ensure that they do not further increase the expenses of Filipinos, who are already burdened by rising transportation fares and petroleum prices.
He also emphasized that there is no reason for the public to engage in panic buying or hoarding, as the country’s food supply remains sufficient.
The President further assured that the supply of fertilizers for farmers is adequate, which is among the government’s priorities to prevent any shortage in the food supply.
Meanwhile, the DA reported that their inspections include public weighing scales as well as the Bantay Presyo Bulletin Boards for fish, meat, fruits, vegetables, and other goods.
On the part of the DTI, they have reportedly spoken with 21 leading manufacturers in the country, reaching an agreement that the prices of basic goods will not increase and will remain affordable to Filipino family.