12/03/2020
DTI Region 8 received reports pertaining to hoarding and overpriced online reselling of medical supplies such as rubbing alcohol and face masks.
Overpricing of face masks and alcohol may be considered as an unfair and unconscionable sales act or practice under the Consumer Act or Republic Act (RA) No. 7394. This is also considered as an act of profiteering under the Price Act of the Philippines (7581).
Consumers are enjoined to be vigilant and to report hoarding, profiteering, panic buying, and any other illegal act of price manipulation through the One-DTI (1-384) Hotline or send an email to [email protected].