3rd Sangguniang Panlungsod (2 February 1988 – 30 June 1992)

Summary/Additional Info:

Summary: This ordinance penalizes individuals and businesses in Naga City for hoarding or selling rice and other essential goods at unreasonably high prices. Hoarding means hiding goods to limit supply and raise prices, while exorbitant pricing makes basic goods unaffordable for low-income buyers. Violators face up to a P2,000 fine, six months imprisonment, or both, and may also have their business license suspended or revoked. The ordinance took effect upon approval.