BEVERAGE makers assured consumers on Tuesday that prices of potable bottled water would remain stable in the market, as the supply is sufficient, until the current water crisis affecting Metro Manila and outlying regions is resolved in May.
Trade Undersecretary Ruth B. Castelo said beverage makers had promised to keep prices of bottled water frozen until the water shortage in Metro Manila is resolved. She added there is enough supply of the product in the market.
“We are pleased to report to the consuming public that the Biap [Beverage Industry Association of the Philippines] assured the DTI [Department of Trade and Industry] that there will be no increase in the price of potable bottled water, and that supplies are sufficient until the projected end of our water situation in May 2019,” Castelo said.
The DTI was prompted to put bottled water under its regular price and supply monitoring after receiving reports last week that retailers exploited the water crisis by overpricing on pail and dipper. The agency placed the product under its close watch to make sure prices are stable and consumers are not unnecessarily disadvantaged.
Castelo vowed the government will keep an eye on the prices and supply of bottled water with or without a shortage.
“[The] DTI is taking a proactive stance on the prices and supply of potable bottled water being a basic necessity under the jurisdiction of the agency even before it becomes an issue. We are grateful for the cooperation and support extended by the Biap to the government, [and] thus making our efforts more responsive to the needs of the consumers,” Castelo said.