QuestionsQuestions (EXECUTIVE ORDER NO. 51)
Executive Order No. 51 amended Section 1 of Executive Order No. 475, dated October 5, 1951.
It reduces and sets up new ceiling prices of rice commodities for both wholesalers and retailers.
Ceiling prices are the maximum selling prices that traders may lawfully charge for specified commodities, here rice, for wholesalers and retailers.
For Imported rice (Macan equivalent—NARIC old stock, remilled), the unit is 'Ganta,' with a wholesaler’s price of ₱0.70 and a retailer’s price of ₱0.75.
For Native, Macan 2nd Class rice (unit: Ganta), the wholesaler’s price is ₱0.80 and the retailer’s price is ₱0.85.
Because price control regulations commonly establish maximum allowable margins/charges at each stage of distribution—wholesaler vs. retailer—to prevent excessive price increases.
The order states it was issued upon the recommendation of the General Manager and the Board of Directors of PRISCO.
It indicates the conditions under which maximum selling prices may be fixed—i.e., when commodities are scarce or in short supply.
It takes effect immediately after its publication in a newspaper of general circulation.
It amends Section 1 by reducing and setting up new ceiling prices for the specified rice commodities.
RA 1168 supplies the statutory authority (and conditions) for price fixing, while Executive Order No. 51 is the implementing presidential act that specifies the actual ceiling price levels for particular rice categories.