Section 8Sec./Art. 8

Determination of Price Ceilings. In determining the reasonable price ceiling, the following factors may be taken into consideration:

1. The average price, in the last three (3) months immediately preceding the proclamation of the price ceiling, of the basic necessity or prime commodity under consideration;

2. The supply available in the market;

3. The cost to the producer, manufacturer, distributor or seller including but not limited to:

a. The exchange rate of the peso to the foreign currency with which a basic necessity or prime commodity or any component, ingredient or raw material thereof was paid for;

b. Any change in the amortization cost of machinery brought about by any change in the exchange rate of the peso to the foreign currency with which the machinery was bought through credit facilities;

c. Any change in the cost of labor brought about by a change in the minimum wage; and

d. Any increase in the cost of transporting or distributing the basic necessity or prime commodity to the area of destination.

4. Such other factors or conditions which will aid in arriving at a just and reasonable price ceiling.