Philippines won’t feel pinch of Russia-Ukraine conflict in prices of basic commodities yet, says govt's trade department


Motorists pass by a store selling plastic goods and other household items in Tarlac City, the Philippines, on Wednesday, Feb. 23, 2022. - Bloomberg

MANILA, Feb 26 (Philippines Daily Inquirer/ANN): The Philippines will not immediately feel the increase in basic commodities amid the crisis between Ukraine and Russia which resulted in soaring fuel prices, the Department of Trade and Industry (DTI) assured Saturday.

DTI Undersecretary Ruth Castelo guaranteed the public that they validate prices and negotiate it with manufacturers.

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