10/03/2026
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Negosyo Center Magallanes conducted its monthly price monitoring of Basic Necessities and Prime Commodities (BNPCs) and construction supplies on March 10, 2026, in selected business establishments within the municipality of Magallanes, Agusan del Norte. The activity aims to ensure that prices of essential goods remain fair and within the suggested retail prices for the protection of consumers.
Among the establishments monitored were Baug CARP Beneficiaries Multipurpose Cooperative, D Pabโs Commercial, and Ramjequo Construction and Supply. The monitoring helps the government track the movement of prices and ensure that businesses follow the proper pricing guidelines.
The activity also comes amid global developments, particularly the tension in the Middle East that has affected oil supply routes such as the Strait of Hormuz. Despite the increase in fuel prices, the Department of Trade and Industry assured the public that most BNPC items remain stable, with around 91% of monitored products not having approved price increases as of March 2026.
Business establishments are reminded to follow the provisions of the Republic Act No. 7581 and Presidential Decree No. 1865, which prohibit practices such as profiteering, hoarding of goods, and unauthorized price increases. Violations may result in penalties including fines, imprisonment, and possible cancellation of business permits.