DTI warns face mask retailers vs profiteering

Face masks have gone out of stock in many shops after the ash fall from Taal volcano starting Sunday, Jan. 12./Madz Moratillo/Eagle News/

(Eagle News)-The Department of Trade and Industry on Monday, Jan. 13, warned retailers against jacking up the prices of face masks, which are in demand following the ash fall from Taal volcano.

The DTI issued the warning as it announced it had deployed teams to observe and monitor the movement of retail prices in the market following reports some vendors were selling the mask, which used to cost P25, at P200.

“Those found to have unreasonably increased their prices for gas masks, face masks and other similar items, which act amounts to profiteering, shall be dealt with to the fullest extent of the law,” DTI said, noting that  it will not hesitate to file administrative and criminal charges against them.

The DTI added prices of basic necessities shall remain unchanged as of the DTI suggested retail price published on September 30, 2019.