THE Department of Trade and Industry said that they are mulling the possibility of removing the old system of issuing regular Suggested Retail Price (SRP) bulletins.

"Ini-explore natin kung we will retain the current practice na regular tayong naglalabas ng SRP or gagawin nating tuwing may kalamidad na lang, kapag nagpa-price freeze, in which case wala na 'yung bulletin natin ang we will let the market decide, parang free market na 'yung style natin," said DTI Assistant Secretary Amanda Nograles said.

Nograles said that such was discussed during Wednesday's meeting of the National Price Coordinating Council.

An association of supermarket and grocery operators early expressed support for the proposal.

"Competition keeps us in check. Don't buy those items na masyadong mataas ang itinaas. Ang daming brands. Pag lahat sila nagtaas, may papasok na bagong players," Steven Cua of the Philippine Amalgamated Supermarkets Association Inc. said.