Camille Naredo

People buy vegetables, and other essentials for their daily consumption at the Commonwealth Market in Quezon City on August 20, 2024. Maria Tan, ABS-CBN News/File

People buy vegetables, and other essentials for their daily consumption at the Commonwealth Market in Quezon City on August 20, 2024. Maria Tan, ABS-CBN News

Article (news)

ECONOMY-FOOD

Harlene Delgado

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:960px;display:block" width="960"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/178435270736720240820-commonwealth-market-MT-2.jpg" style="width:960px" class="fr-fic fr-dib" width="960" alt="People buy vegetables, and other essentials for their daily consumption at the Commonwealth Market in Quezon City on August 20, 2024. Maria Tan, ABS-CBN News/File"/><span class="fr-inner" style="text-align:left">People buy vegetables, and other essentials for their daily consumption at the Commonwealth Market in Quezon City on August 20, 2024. <em>Maria Tan, ABS-CBN News/File</em></span></span></span></div><p>MANILA -- The Department of Trade and Industry assured Saturday that there would be no increase in prices of basic necessities and prime commodities for now.</p><p>This was the response of Trade Secretary Cristina Roque when asked about the potential effects on prices of goods of the expected surge in oil prices next week in the wake of heightened tensions between the United States and Iran.</p><div><a class="fr-green fr-strong" href="https://www.abs-cbn.com/news/world/2026/7/18/us-iran-trade-attacks-as-renewed-war-intensifies-0807">READ: US, Iran trade attacks as renewed war intensifies</a></div><p>Roque said there have been no petitions for price adjustments from manufacturers.</p><p>&quot;For the increase, wala pa namang humihingi ng price increase sa atin. So for now there&#x27;s still no price increase,&quot; she said in an ambush interview on the sidelines of MSME Summit 2026 led by nonprofit organization GoNegosyo in partnership with the trade department.</p><p>&quot;Wala pang nag-apply,&quot; Roque added.</p><p>The trade chief also emphasized that it is hard to speculate at this point.</p><p>&quot;It&#x27;s really best for us to just wait first,&quot; she noted.</p><div><a class="fr-green fr-strong" href="https://www.abs-cbn.com/news/nation/2026/7/17/doe-p10-l-diesel-price-hike-likely-as-us-iran-step-up-attacks-0734">READ: P10/L diesel price hike likely as US, Iran step up attacks -- DOE</a></div>

<p>The Department of Trade and Industry assured Saturday that there would be no increase in prices of basic necessities and prime commodities for now.</p>

The Department of Trade and Industry assured Saturday that there would be no increase in prices of basic necessities and prime commodities for now.

DTI says no price increase for now amid looming oil price hike

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DTI says no price increase for now amid looming oil price hike

Harlene Delgado,

ABS-CBN News

Published July 18, 2026 01:33 PM PHT

Read More:

DTI

Cristina Roque

price hike

goods

oil price hike

Department of Trade and Industry

United States

Iran

Middle East

conflict

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