Sep 25, 2021

Cost of Living Committee given its approval to increase the prices of milk powder, wheat flour, cement and gas Featured

It is reported that the Cost of Living Committee has given its approval yesterday to increase the prices of milk powder, wheat flour, cement and gas.

However, it will be implemented subject to the approval of the Cabinet.

Also, the Cost of Living Committee has decided not to increase the prices of rice and infant milk powder.

The committee has recommended an increase of Rs. 200 per kilo of imported milk powder, Rs. 10 per kilo of wheat flour and Rs. 50 per bag of cement.

The Cost of Living Committee has recommended that the price of gas be increased by Rs. 550.

However, it will be up to the Cabinet, which meets next Monday, to decide whether or not to increase the price.

State Minister of Consumer Protection Lasantha Alagiyawanna stated that the Cabinet will inquire into the possibility of granting tax relief.

If the Cabinet approves the implementation of the prices approved by the Cost of Living Committee today, the new price of a kilogram of milk powder will be Rs. 1145.

The new price of a 50 kg bag of cement will be around Rs. 1050.

However, the Importers ’Association states that a normal supply of milk powder to the market cannot be made under a price increase of Rs. 200.

Its member Lakshman Weerasuriya stated that a price increase of at least Rs. 350 is required depending on the percentage of rupee depreciation. (NewsCenter)

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