EXECUTIVE ORDER NO. 423 - 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:

Section 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:

COMMODITY PRICE CEILING

1. RICE
  Well   Regular  NFA
Milled Milled

Miller to Wholesaler P465/Bag     P445/Bag
  or     or
P9.30/kl.  P8.90/kl.

Wholesaler to Retailer   P475/Bag P455/Bag
or or
  P9.50/kl. P9.20/kl.

Retailer to Consumer P500/Bag  P475/Bag P7.50/kl.
   or    or
  P10.00/kl.   P9.50/kl.

2. MILK
Sweetened Filled
(300 ML)     P14.60/can

Evap Filled
  (370) ML) 11.85/can

  Powdered Filled
(180 GM)     15.70/can

  Powdered Filled
(200 GM)     17.50/can

3. SUGAR
  Refined (Inclusive
  of 10% VAT) P15.90/kilo

  Brown (VAT-exempt)  11.80/kilo

4. PORK LIEMPO
  with skin   P56.00/kilo

5. HARD FOUR
  (25 Kg. bag) P270.00

6. CHICKEN (Fully
  Dressed) P55.00/kilo

7. COOKING OIL
(Single Refined)
  Lapad (354 Grams)    P4.20

  Long Neck (708
  Grams)    P8.40