BIZ

Govt. takes over sugar stocks imported before tax hike

Published

6 months ago

November 20, 2023

editor

A cabinet decision has been taken allowing the government to take over all sugar stocks imported under a special commodity levy of 25 cents per kilogramme and sell them within a month at a Maximum Retail Price of Rs. 275.

The decision had been announced today (20) by Minister of Trade – Nalin Fernando.

Speaking, the Minister had said that these sugar stocks would be sold at Sathosa outlets, supermarkets and selected Cooperative outlets.

He had said that the objective of this is to eliminate a sugar shortage and release stocks to the local market.

Noting that the Consumer Affairs Authority are currently counting out the relevant stocks, the minister added that measures will be taken to obtain stocks from importers and wholesalers from today onwards.

With these measures in place, stocks imported under the increased special commodity levy can be sold afterwards at a new price, the minister had further said.

A day after the government increased the special commodity levy imposed on a kilogram of imported sugar to Rs. 50 on Nov. 02, an MRP for sugar was announced via an Extraordinary Gazette.

Related News :

MRP for sugar

Special commodity levy on sugar, upped

BIZ

Kottu, Fried Rice prices reduced

Published

3 days ago

May 3, 2024

nipuni

The All Ceylon Restaurant Owners’ Association has decided to reduce prices of several food items, following the reduction in gas prices that was announced earlier today (May 03).

Accordingly, the Association announced that the prices of Fried Rice and Koththu will be reduced by Rs. 20 while prices of shorteats will be reduced by Rs. 10.

However, prices of plain tea and milk tea are to remain unchanged, the Association adds.

BIZ

Laugfs Gas also slashes prices

Published

3 days ago

May 3, 2024

nipuni

Laugfs Gas has also reduced its LP gas prices with effect from midnight today (May 03) following the price reduction by Litro Gas.

Accordingly, the price of a 12.5kg cylinder has been reduced by Rs.275 to Rs. 3,840 while the the price of a 5kg cylinder has been reduced by Rs.110 to Rs.1,542.

BIZ

Litro gas prices reduced

Published

3 days ago

May 3, 2024

nipuni

Litro Gas Lanka has reduced the prices of domestic LP gas cylinders with effect from midnight today (May 03).

According to Chairman of Litro Gas Lanka – Muditha Peiris, the price of the 12.5 kg cylinder has been slashed by Rs. 175 to Rs. 3,940 while the price of the 5 kg cylinder has been reduced by Rs. 70 to Rs. 1,582. The price of the 2.3 kg cylinder has been reduced by Rs.32 to Rs.740.