The Department of Trade and Industry (DTI) assured the public that prices and supply of basic goods remain stable nationwide, clarifying that no automatic price freeze is currently in effect despite the declaration of a national energy emergency.

In a statement, the DTI said that Executive Order No. 110—which declared a State of National Energy Emergency—does not trigger a nationwide price freeze under Republic Act No. 7581.

“Supply and prices of basic necessities and prime commodities remain stable nationwide,” the agency said.

The DTI explained that EO 110 is a targeted measure aimed at addressing possible disruptions in the global oil supply chain. It activates the government’s UPLIFT program, which provides subsidies to the transport and agriculture sectors to help stabilize the cost of moving goods.

“By stabilizing the cost of moving goods, the government is proactively preventing the very inflationary pressures that would otherwise necessitate a price freeze,” the department said.

The agency also highlighted voluntary commitments from the private sector, noting that 21 major manufacturers of essential goods—including sardines, bread, bottled water, instant noodles, and coffee—have pledged to keep prices unchanged for the next 30 to 60 days.

“This industry-wide cooperation ensures that prices remain fair without the need for mandatory government intervention,” the DTI added.

Based on its latest monitoring, the DTI said inventory levels of basic goods remain sufficient, with no supply shortages that could justify price increases.

Still, the department warned that it is maintaining heightened monitoring of prices and market conditions. Retailers found engaging in profiteering or hoarding may face penalties, including fines and possible imprisonment.

The DTI urged the public to remain calm and report any unreasonable price increases through its Consumer Care Hotline at 1-384 (1-DTI), as it continues to balance consumer protection with the needs of local industries.