WHEREAS, Republic Act 7681 otherwise known as the "Price Act," was enacted to protect consumers against unreasonable increases of basic necessities and prime commodities;

WHEREAS, by virtue of Republic Act 7581, the Price Coordinating Council was established with a function to, among others, coordinate the productivity, distribution and stabilization programs, projects and measures of the Government;

WHEREAS, the present composition of the Price Coordinating Council includes representatives from various private sectors, namely: the consumer sector, agricultural producers trading sector, and manufacturing sector;

WHEREAS, the labor sector should be given a parallel role/responsibility in the stabilization of prices of basic and prime commodities;

NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby order:

Section 1. The Price Coordinating Council and/or the implementing government agencies of the "Price Act of 1991," which are the Department of Trade and Industry Department of Agriculture, Department of Health, and the Department of Environment and Natural Resources, may deputize any of the recognized national labor organizations in the monitoring or prices of basic necessities and prime commodities.

Sec. 2. The labor sector shall be represented during consultative meetings, both on national and local levels, of the Price Coordinating Council, Provided, however, the representative of the labor sector shall sit as a non-voting member of the council.

Sec. 3. The National and Local Representatives of the labor sector in the Price Coordinating Council shall be appointed by the President and the Chairman of the Local Price Coordinating Council, respectively, for a term similar to that of their respective counterparts from the private sector.

Sec. 4. This Executive Order shall take effect immediately.

Done in the City of Manila, this 8th day of September, in the year of Our Lord, nineteen hundred and ninety-two.


By the President:
(Sgd.) DIONISIO C. DE LA SERNA
Senior Deputy Executive Secretary