Menu
RSS
Rain disaster affected nears126,000

Rain disaster affected nears126,000

The National Disaster Man...

Mahendran in Singapore

Mahendran in Singapore

The Attorney General yest...

Railway workers on 48-hr strike

Railway workers on 48-hr strike

A group of Sri Lanka Rail...

50 Greatest Players in World Cup History

50 Greatest Players in World Cup History

Playing as a striker thro...

VAT to be reduced by 2.5 % in 2020: Mangala

VAT to be reduced by 2.5 % in 2020: Mangala

Finance and Mass Media Mi...

New SEC commissioners finally appointed

New SEC commissioners finally appointed

Former Commissioner Ran...

Tea export volume up 4% in April

Tea export volume up 4% in April

Sri Lanka shipped 20.8 Mn...

Trump Calls Off Upcoming North Korea Summit

Trump Calls Off Upcoming North Korea Summit

WHITE HOUSE — It's off — ...

Prev Next

770

Decision on milk powder, LPG prices today

Decision on milk powder, LPG prices today

The Cost of Living Committee is scheduled to meet today and arrive at a decision on whether to increase the prices of milk powder and LPG.

“The Cost of Living Committee is to reach a decision today on increasing the prices of LPG and milk powder,” Finance Ministry Information Director M. Ali Hassen told Daily FT.

According to him, the LPG-importing companies have requested the Government to increase the price of a 12.5 kg LPG cylinder by Rs. 254, while the importers of dairy products have urged to increase the price of 1 kg of milk powder by Rs. 100.

He, however, said that the Government will not increase at the demanded prices by the importers and manufacturers.

The Daily FT learns that the committee will consider increasing the LPG price, as the world market prices have soared notably. Nevertheless, the Consumer Affairs Authority (CAA) has not found the reasons of Rupee devaluation and the grounds that they run at a loss as a good justification by importers of dairy products to increase the price of milk powder.

Hassen said a decision in this regard will be reached during discussions at today’s meeting and if given approval, the price increase will be informed via a gazette notification. (CdeS)

(FT)

back to top