Official markup and price ceilings on commodities

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EXECUTIVE ORDER NO. 62: Official markup and price ceilings on commodities

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Title Source: Supreme Court: Official markup and price ceilings on commodities

Law: Executive Order No. 62

Decision Date: Aug 14, 1945

President Sergio Osmeña of the Philippines issues Executive Order No. 62 to establish official markups for wholesalers and retailers of various commodities, setting reasonable ceiling prices to prevent excessive profits and combat speculation and profiteering. The order includes a list of ceiling prices for commodities and outlines penalties for violations, repealing conflicting orders and taking effect on August 14, 1945.

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