DTI warns the re-sellers on hoarding and overpricing of medical devices - GazeFeed


DTI warns the re-sellers on hoarding and overpricing of medical devices - GazeFeed


The market's demand of medical devices and other equipment gets high due to the recent global pandemic of Novel Corona Virus. Other individuals got an idea to grabbed the opportunity to hoard the available stocks of medical devices and other equipment from the market and earn money from it.

However, the Department of Trade and Industry (DTI) warns to file a criminal case for the hoarders and overpricing re-sellers that will be caught selling. DTI said, it is under the Consumer Act or Republic Act (RA) No. 7394, overpricing of face masks may be considered as an unfair and unconscionable sales act or practice since it involves taking advantage of consumers in this time of need. The Price Act (RA 7581) also considers this as an act of profiteering.



They also added that, consumers are enjoined 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 ConsumerCare@dti.gov.ph

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via | GazeFeed 

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