DTI imposes price freeze on basic goods in Albay amid Mayon unrest

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Photo taken June 9, 2023

Metro Manila (CNN Philippines, June 11) —The Department of Trade and Industry (DTI) has implemented a price freeze on basic commodities in Albay amid Mayon Volcano's increasing unrest.

"Prices of basic commodities are automatically frozen at its prevailing prices for the period of 60 days unless sooner lifted," according to DTI’s memorandum dated June 9, which was released on June 10.

"Warning is hereby given that any violations shall be dealt with accordingly," it added.

Basic commodities include rice, bread, cooking oil, laundry soap, candles, drugs classified as essential by the health department, bottled water, fresh meat, and fresh, dried and canned fish.

The Albay local government earlier declared a state of calamity.

Albay Gov. Edcel Greco Lagman earlier told CNN Philippines' The Source that the state of calamity would allow the local government to tap quick response funds to be able to provide support to affected residents.

On Thursday, the status of Mayon Volcano was raised to Alert Level 3, which means there is high unrest and an increased tendency toward hazardous eruption.

A potential explosive activity can also occur within weeks or even days.