P1 rollback on sardines gets consumers’ nod

PTVPhilippines

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Transcript

00:00For families counting every peso, even a small change makes a big difference.

00:04That's why this one peso price drop on canned sardines is making waves among consumers.

00:09Harley Valbuena reports.

00:30These are the reactions of some consumers on the one peso rollback in some brands of canned sardines.

00:36The rollback was implemented after the meeting of the Department of Trade and Industry with different manufacturers' associations.

01:00In the latest suggested retail price of DTI, the SRP for sardines ranges from 15 pesos and 25 centavos to 21 pesos and 25 centavos.

01:12And this will be deducted 1 peso for those who adopted the rollback.

01:17Secretary Roque added that this shows manufacturers heed the call of President Ferdinand R. Marcos Jr.

01:24to ease the burden of consumers, especially slashing the price of sardines, which is one of the basic food for the masses.

01:32The Trade Department will talk with other sardines brands should they be interested in implementing the rollback.

01:39Meanwhile, the DTI also allayed fears on a possible price increase in products and services

01:44after the approval of the 50 peso minimum wage increase in Metro Manila.

01:49It also does not see any effect of unstable oil prices due to Middle East tensions to the cost of essential goods and products.

01:59For now po, we agreed on a no price increase.

02:02For now, there's really no price increase for basic necessities and prime commodities.

02:07Harley Valbuena from the National TV Network for a new and better Philippines.

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