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How to report abusive pricing and hoarding amid rising prices


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How to report abusive pricing and hoarding amid rising prices

As prices of goods continue to rise amid the impact of the ongoing conflict in the Middle East, Philippine authorities are urging the public to report abusive pricing and hoarding, warning that violators could face hefty fines and even jail time.

Under the Price Act of the Philippines (Republic Act 7581), the state explicitly penalizes hoarding, profiteering, and cartel behavior for essential goods especially during crisis or supply disruption, as these actions can create artificial shortages and push prices beyond reasonable levels.

Hoarding refers to the undue accumulation of any basic necessity or prime commodity beyond normal inventory. Profiteering is the sale at a price grossly in excess of the true worth, and cartel behavior is an agreement between two or more players to artificially and unreasonably increase or manipulate prices.

According to the Department of Trade and Industry (DTI), prices of basic necessities and prime commodities are expected to remain at current levels until April 16, 2026, as manufacturers and retailers have assured sufficient supply and inventory.

For complaints, the public should gather as much information as possible, including the name and location of the store or institution involved, the product and its posted price, the date and time of the incident, and photos or receipts if available.

Where to report?

Department of Trade and Industry (DTI)

Suspicious activities may be reported through the DTI’s 18 regional offices nationwide or through its contact hotline 1DTI (1-384). Complaints may also be sent directly to Sec@dti.gov.ph.

Department of Energy (DOE)

Complaints may be filed through the government hotline 8888, the DOE Consumer Welfare and Promotion Office at 8840-2267, the DOE official Facebook Messenger, or via email at mcwpo@doe.gov.ph.

The DOE, in partnership with the Department of Information and Communications Technology (DICT), earlier launched an electronic complaint platform on the eGov application where consumer can report gasoline stations suspected of violating fuel pricing rules or experiencing supply shortages.

Philippine Competition Commission (PCC)

Complaints regarding anti-competitive practices, mergers, or market abuse can be submiited through the E-Complaint Portal or through email at queries@phcc.gov.ph, in person at the PCC Office, or via phone at (+632) 8771-9PCC (722).

The public is also advised to keep records of their reports, along with any reference numbers provided. Authorities may require additional information for verification. — RSJ, GMA News