The Canned Sardines Association of the Philippines (CSAP) said the Department of Trade and Industry (DTI) needs to allow price increases to help the industry recover its costs, and noted that the Price Law is silent on the government’s preferred manner of price-setting, the suggested retail price (SRP) scheme. “We understand that the DTI needs to perform a balancing act for both the manufacturers and the consumers. However, we are concerned that another round of fuel price hikes would drive up production costs by 3.5%,” CSAP Executive Director Francisco J. Buencamino said in a statement.

Jocson, L. M. J. C. (2022, March 11). Sardine industry questions basis for SRP price controls. Business World, p. S1/3.