DTI warns vs hoarding essential goods amid oil price hikes
Trade Secretary Cristina Roque on Saturday issued a warning against hoarding of essential goods amid possible price shocks resulting from fuel price volatility amid the Middle East conflict.
“In this time of global uncertainty triggered by the Middle East crisis, the Department of Trade and Industry (DTI) strongly warns all retailers against hoarding essential goods and engaging in profiteering,” Roque said in a statement.
“These illegal practices will not be tolerated,” she said.