Section 3
SEC. 3. Whenever the market price of any of the articles or commodities mentioned in Section one hereof has risen or threatens to rise by 20% or more over its price on March 1, 1969, or whenever the Council deems that the prevailing price should be reduced because it has risen due to monopoly, hoarding, injurious speculation, manipulation and profiteering, the Council shall, after notice and hearing, establish or order such maximum price as shall be fair, just and reasonable: Provided, That the maximum price shall not exceed the production cost plus a mark-up of ten per centum to the manufacturer or producer, five per centum to the wholesaler and ten per centum to the retailer if the articles or commodities are locally manufactured, or the landed cost plus a markup of five per centum to importer or indentor, five per centum to the wholesaler, and ten per centum to the retailer, if the articles or commodities are imported. The prices fixed by the Council shall become effective ten days after publication in two newspapers of general circulation in the Philippines, one in English and one in the National language.