Negros Occidental urges stores to follow SRPs for school supplies

NegOcc urges stores to follow SRPs for school supplies

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NegOcc urges stores to follow SRPs for school supplies

Tuesday, May 23, 2017

THE Department of Trade and Industry (DTI) told commercial establishments in Negros Occidental to follow the suggested retail prices (SRPs) set for school supplies.

Reginald Hudierez, senior trade and industry development specialist of DTI-Negros Occidental, on Monday, May 22, said they are distributing copies of the new SRPs released by DTI Central Office to establishments in the province, including malls, department stores, and public market stalls.

Hudierez said SRPs should be visible in stores to ensure that consumers are being protected from possible overpricing and profiteering, especially now that the demand for school supplies is high with the approaching class opening on June 5.

“We have yet to consolidate the data to determine whether the current retail prices are higher or lower compared to last year’s,” he said, adding that the DTI will continue its price monitoring efforts until the start of classes to ensure that retailers adhere to SRPs.

Based on the list of SRPs of school supplies, prices of 80 leaves of writing pad papers range from P9 to P41.75, depending on the brand while intermediate pad paper costs P14 to P29.75.

For notebooks, prices of 80 leaves for composition and writing range from P12.50 to P34 while spiral costs P11 to P23.75, also depending on the brand.

A promo pack, meanwhile, composed of six to 10 pieces of composition, writing or spiral notebooks costs P75 to P150.

Other school items, including pencil, costs P12 to P37.50 per three pieces; ballpen, P4 to P32.75 depending on brand and number of pieces per pack; different brands of crayon, P12 to P69.75 depending on the set per box; eraser, P5 to P12.75; sharpener, P5.25 to P34.74; and ruler, P9.75 to P29.75.

Hudierez pointed out that based on the DTI guidelines, retailers can increase the price provided it should not be really high as establishments are not allowed to exceed 10 percent of the SRPs.

Corresponding charges and penalties depending on the scale of business will be implemented against erring establishments, he said.

“Based on our initial monitoring, prices of school items in the province especially in Bacolod City remain stable and are within SRPs,” Hudierez said, as he advised consumers to be wise and vigilant by giving consideration on both prices and quality of the product.

Published in the SunStar Bacolod newspaper on May 23, 2017.

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