The Local Price Coordinating Council shall be the implementing arm of the Local Government Unit in monitoring the prices of basic commodities specially, it shall:
1. Coordinate and rationalize the programs to stabilize prizes and supply of member agencies in the respective provinces, municipalities and cities;
2. Recommend to the NPCC or to the Implementing Agencies suggested retail prices (SRP) and/or the price ceiling for certain basic necessities and prime commodities in their respective areas;
3. To conduct in-depth analysis on causes of fluctuations;
4. To recommend action/steps to correct unwarranted price increases and supply shortages.
Section 3. Effectivity. This Executive Order shall take effect immediately.
Done in the Municipality of Aringay, La Union this 14th day of January, 2015 with the seal of this office affixed.