EXECUTIVE ORDER NO. 51

: The commodities mentioned are types of rice, specifically imported rice (Macan equivalent to NARIC old stock, remilled) and native Macan 2nd class rice.
: For imported rice, the wholesaler's price is set at P0.70 per ganta and the retailer's price at P0.75 per ganta. For native Macan 2nd class rice, the wholesaler's price is P0.80 per ganta and the retailer's price is P0.85 per ganta.
: The Order took effect immediately after its publication in a newspaper of general circulation.
: It was signed by President Ramon Magsaysay and countersigned by Executive Secretary Fred Ruiz Castro.
: Republic Act No. 1168 created the Price Control Office as part of its provisions.
: Setting price ceilings aims to prevent price gouging and control costs of essential commodities in short supply to protect consumers and maintain economic stability.
: They recommended the reduction and setting of new ceiling prices for commodities, which the President acted upon in issuing this Executive Order.
: The amendment is based on the executive powers vested in the President by Section 4 of Republic Act No. 1168, which allows fixing maximum prices of commodities.