RESOLUTION NO. 2026-0321 (Co-Sponsored by: Committee on Commerce, Trade & Industry & Economic Enterprise & Cooperatives; Committee on Agriculture, Fishery and Agrarian Reform) "A RESOLUTION REQUESTING THE HONORABLE CITY MAYOR TO DIRECT CONCERNED CITY GOVERNMENT OFFICES TO IMMEDIATELY UNDERTAKE THOROUGH INVESTIGATION INTO INFLATED PRICE INCREASES, MARKET PRICE MANIPULATION AND SUPPLY CHAIN CONCERNS OF BASIC GOODS AND COMMODITIES AND, IF NECESSARY, SUBMIT RECOMMENDATIONS TO THE SANGGUNIANG PANLUNGSOD FOR APPROPRIATE LEGISLATIVE INTERVENTION" WHEREAS, due to the rising prices of petroleum products, local market conditions have been foreseen to be strained by supply constraints including the outflow of locally produced goods and not to discount the possibility of market price manipulation and hoarding which directly affect the affordability, accessibility and availability of essential goods and commodities; WHEREAS, in view thereof, there is an urgent and compelling need for the City Government to initiate appropriate measures to preempt, if not counteract, the adverse projections for the local market condition, thus the conduct of a thorough investigation into the matter and the formulation of evidence-based recommendations for policy and legislative interventions that will stabilize market supply, mitigate the impact of oil-driven price increases and safeguard the welfare and interest of the consuming public; NOW, THEREFORE, on seconded motion of Honorable Ann Marjorie N. Revelo, be it RESOLVED to request, as this body hereby requests the Honorable City Mayor to direct the concerned City Government offices to immediately undertake thorough investigation into inflated prices increases, market price manipulation and supply chain concerns and, if necessary, submit recommendations to the Sangguniang Panlungsod for appropriate legislative intervention. RESOLVED FURTHER, to let a copy of this Resolution be forwarded to the Honorable City Mayor, and all other offices concerned, for their information, guidance and/or appropriate action. APPROVED UNANIMOUSLY.