Observe SRP for candles, DTI tells traders a week before Undas

The Department of Trade and Industry  on Monday reminded traders about the prevailing suggested retail prices (SRP) for candles, about a week before “Undas” when the demand for candles is expected to increase.

The prices of candles, as per the DTI’s latest SRP list issued in August, range from ₱29.75 to ₱177.71 per pack depending on sizes and number of pieces per pack.

“In line with the upcoming celebration of All Saint’s Day and All Souls’ Day, please be informed that the DTI currently has (an)existing SRP for candles,” the trade department said in a statement.

“However, for flowers, (the) DTI will not issue an SRP because it’s not considered (basic necessities and prime commodities),” the statement added.

The DTI currently lists more than 30 product lines for candles in its SRP list, which it issues periodically to make price adjustments for basic necessities and prime commodities

The cheapest among the different kinds of candles is the four-piece pack of “Export Candles White,” which is priced at ₱29.75. A two-piece pack of “Liwanag Esperma Candle,” on the other hand, sells for ₱177.71.

“The August 2022 SRP bulletin shall be effective until the DTI issues a new one,” the DTI said, citing in particular the announcement from its consumer protection group which is headed by Trade Undersecretary Ruth B. Castelo.