The Department of Trade and Industry (DTI) is reviewing requests from manufacturers of sardines and noodles to increase prices of necessities and prime commodities.
Trade Secretary Cristina Roque said the proposed hike is below 10 percent and is mainly driven by rising logistics and fuel costs.
She noted that sardine makers cited higher fuel expenses for fishing vessels and transport as the reason for the adjustment.
The DTI had earlier secured a commitment from manufacturers to hold prices steady until May 10 while it evaluates the requests.
Roque also said the agency is encouraging price stability, especially with the upcoming school year, and no similar hike requests have been made yet for school supplies.
Source: PhilNews24 | May 22, 2026
SARDINE MANUFACTURERS ASK DTI APPROVAL FOR PRICE HIKE
Latest from Business
The Philippine Statistics Authority reported that Philippine factory output growth slowed to 10.2 percent in May
The Department of Information and Communications Technology (DICT) has allocated P197.21 million to provide free internet
GCash lowered its InstaPay transfer fee from PHP15 to PHP10 effective July 4. The new rate
Diesel prices are expected to increase by ₱1.15 to ₱3.15 per liter next week due to
Goldman Sachs expects the Bangko Sentral ng Pilipinas (BSP) to raise interest rates by three more