EXECUTIVE ORDER NO. 51

: The purpose of Executive Order No. 51 is to amend Executive Order No. 475 by reducing and setting new ceiling prices for certain food commodities, specifically rice, to regulate prices and ensure affordability during shortages.
: Executive Order No. 51 derives its authority from Section 4 of Republic Act No. 1168, which provides for fixing maximum selling prices of commodities in short supply and creates the Price Control Office.
: The commodities mentioned are specific types of rice: Imported (Macan equivalent and NARIC old stock, remilled) and Native Macan 2nd Class rice.
: The new wholesaler price for imported rice is P0.70 per ganta, and the new retailer price is P0.75 per ganta.
: The new wholesaler price for native Macan 2nd class rice is P0.80 per ganta, and the new retailer price is P0.85 per ganta.
: Executive Order No. 51 took effect immediately after its publication in a newspaper of general circulation.
: The amendments were recommended by the General Manager and the Board of Directors of the PRISCO (Price Regulatory and Stabilization Corporation).
: The Price Control Office was created to assist in fixing and regulating maximum selling prices of commodities in short supply.
: Publication ensures public awareness and transparency; it is a procedural requirement for the order to become effective and enforceable.