PBBM lauds supermarket owners as unit prices of sugar drop to P70 per kilo

PBBM lauds supermarket owners as unit prices of sugar drop to P70 per kilo

By Liezelle Soriano

MANILA — The price of a kilo of sugar has dropped to P70 from P110 as promised by major supermarket chain owners to lower their suggested retail price (SRP) Malacañang said Tuesday (23 Aug 2022).

And with this, President Ferdinand “Bongbong” Marcos Jr. lauded the supermarket owners for their “selfless response.”

“This is a classic display of the Filipino spirit of ‘Bayanihan’ and love of country. It is good to know that consumers are now enjoying the price-drop of sugar in the leading groceries and supermarkets,” Marcos said.

This past week, Marcos met with the owners of large supermarkets to lower the price of sugar.

They also promised to unload 1 million kilos of sugar in their respective supermarkets which they implemented on Monday, 22 August 2022.

Marcos instructed the Department of Trade and Industry (DTI) to oversee participating retailers’ adherence to the predetermined purchase limit of 1 kg per consumer in order to guarantee that consumers can obtain sugar at a reasonable price. (ai/mtvn)

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