QuestionsQuestions (EXECUTIVE ORDER NO. 91)
To revise and establish a new schedule of ceiling prices for commodities and services during the emergency, based on changed conditions in trade and commerce, for the protection of public interest.
That certain essential commodities “shall not be sold at more than the maximum retail prices” specifically set opposite each commodity.
It prescribes maximum retail mark-ups over landed cost, depending on the category of the commodity (e.g., foodstuffs 50%, hardware/building materials 70%, drugs/medicines 80%, etc.).
Sales made to the ultimate consumers.
By taking the landed cost of the specific commodity plus a profit margin (mark-up) not exceeding the percentage prescribed in Section 2.
CIF valued at Manila or other port of landing, plus expenses for arrastre, brokerage, handling, discharge, banking and cable charges, insurance against theft/pilferage, and delivery expenses.
Through its Price Control Division agents, it may examine and investigate invoices, books, records, and accounts of importers, wholesalers, or retailers to compute or determine ceiling prices of imported goods.
Ceiling prices are increased by a reasonable per-unit amount representing actual transportation and handling expenses and other necessary and unavoidable expenses incurred by the retailer in taking goods to the place of resale.
Locally raised/produced/manufactured goods cannot be sold in Manila at a price in excess of the maximum fixed for the same or similar imported article or commodity.
In the center of production/manufacture areas, the maximum selling price shall be 10% less than the maximum selling price fixed for the same or similar article in Manila.
The maximum selling price is the Manila maximum for the same or similar article, plus 10% thereof, plus actual transportation/handling and other expenses to the place of sale/consumption, but those additional expenses shall not exceed 10% of the Manila-based maximum selling price.
The Secretary of Agriculture and Commerce (Chairman), the Secretary of the Interior, the Secretary of Health and Public Welfare, and two representatives of duly organized chambers of commerce in the City of Manila.
It may increase or decrease the price ceiling and/or provide higher or lower mark-ups for wholesalers or retailers, depending on changes in costs and other price-affecting factors, provided the retailer profit margin is not less than 10% nor more than 15% over operating expenses.
Retailers must have a margin of profit of not less than 10% nor more than 15% over operating expenses.
Refusing to sell any displayed article/commodity where a maximum selling price is fixed; punishment follows the provisions of Section 3 of Commonwealth Act No. 600, as amended.
They must post a conspicuous list of articles sold with their retail selling prices at/near the entrance or within the premises, and place price tags in plain view of the buying public on the articles offered for sale.
All Executive Orders and Emergency Control Administration Orders, or their provisions, that conflict or are inconsistent with EO 91 or its provisions are repealed.
Two days after the date of its promulgation.