MALACAÑAN PALACE
MANILA
BY THE PRESIDENT OF THE PHILIPPINES
[ EXECUTIVE ORDER NO. 516, July 01, 1952 ]
FIXING THE CEILING PRICES OF COMMODITIES
By virtue of the powers vested in me by Section 3 of Republic Act no. 509, entitled “AN ACT DECLARING NATIONAL POLICY, AUTHORIZING THE PRESIDENT OF THE PHILIPPINES FOR A LIMITED PERIOD TO FIX CEILING PRICES OF COMMODITIES AND TO PROMULGATE RULES AND REGULATIONS REGARDING PRICES OF COMMODITIES TO EFFECTUATE SUCH POLICY, AND AUTHORIZING THE APPROPRIATION OF A CERTAIN SUM FOR THE PURPOSE,” and upon the recommendation of the Price Administration Board, I, ELPIDIO QUIRINO, President of the Philippines, do hereby order:
Section 1. The following essential commodities shall not be sold at more than the maximum selling prices for wholesalers and retailers set opposite each:
PNEUMATIC TIRES
| Commodity |
Unit |
Wholesaler’s Price |
Retailer’s Price |
| WITH 17% SPECIAL EXCISE TAX ON FOREIGN EXCHANGE |
|
|
| CANADIAN TIRES |
|
|
| Conventional Passenger Car Tires Sizes: |
|
|
| White Sidewall - 4 Ply |
|
|
| 6.00 – 16 |
each |
₱57.90 |
₱67.71 |
| Extra Low Pressure Tires |
|
|
| White Sidewall - 4 Ply |
|
|
| 6.70 – 15 |
each |
63.47 |
74.23 |
| 7.10 – 15 |
each |
70.48 |
82.43 |
| 7.60 – 15 |
each |
77.07 |
90.13 |
Commodity |
Unit |
Wholesaler’s Price |
Retailer’s Price |
| White Sidewall - 6 Ply |
|
|
| 6.00 – 16 |
each |
₱73.78 |
₱86.28 |
| 6.70 – 15 |
each |
82.49 |
96.47 |
| 7.10 – 15 |
each |
91.53 |
107.04 |
| 7.60 – 15 |
each |
100.23 |
117.21 |
| 8.20 – 15 |
each |
115.06 |
134.56 |
| Premium Grade Tires Sizes: |
|
|
| White Sidewall - 6 Ply |
|
|
| 6.70 – 15 |
each |
90.15 |
108.18 |
| 7.10 – 15 |
each |
107.25. |
128.79 |
| 7.60 – 15 |
each |
117.47 |
140.96 |
| 8.20 – 15 |
each |
134.60 |
161.52 |
| 8.20 – 16 |
each |
115.00 |
138.00 |
Section 2. The ceiling prices fixed in this Order include the 17% Special Excise Tax on Foreign Exchange, 7% Sales Tax and 1% Municipal Tax.
Section 3. This Order shall take effect immediately.
Done in the City of Manila, this 1st day of July, in the year of Our Lord, nineteen hundred and fifty-two, and of the Independence of the Philippines, the sixth.1a⍵⍴h!1
(SGD.) ELPIDIO QUIRINO
President of the Philippines
By the President:
(SGD.) MARCIANO ROQUE
Acting Executive Secretary
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