MANILA - Locally manufactured instant noodles and bottled water will soon be considered “primary commodities.”
This means that traders and merchants will not be able to unnecessarily jack up their prices in times of emergencies and calamities.
The Senate passed on third and final reading Wednesday these provisions in the Price Act or Republic Act No. 7581. A committee report on the matter got 12 affirmative votes, zero negative votes and zero abstentions.
“In the aftermath of typhoons Ondoy, Pepeng, Milenyo, Pedring, the Habagat monsoon and now Pablo, instant noodles and potable water in containers have become two of the most in demand and has the biggest tendency to be overpriced to the detriment of the citizens,” Senator Manuel Villar said.
He said the Price Act is a humanitarian measure meant to stabilize the costs of basic goods during floods, typhoons and other calamities.
“The prevalent public consumption of instant noodles and potable water in containers has placed it in the ranks of basic necessities such as rice, corn, bread, fish, pork, poultry, bee, etc. Even during relief operations in times of calamities and emergencies, instant noodles and potable water in containers are the basic goods distributed,” he said.
“Approval of this measure extends to our people the much needed lifeline that our people expect from their government in times of need,” he added.