Wholesale price of sugar 1kg up by Rs.15

19 September 2018 04:53 pm - 4 - {{hitsCtrl.values.hits}}

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The wholesale price of 1kg of sugar was increased by Rs. 15, while the retail price was increased by Rs.20-30 with effect from today, Sri Lanka Sugar Importers Association (SLSIA) Deputy President Hemaka Fernando said.

Addressing a news briefing, he said the prices had to be increased considering the Government’s decision to increase the entire tax amount imposed on sugar to Rs. 49 from Rs.31.

“Prior to the decision, only the customs duty of Rs.31 was imposed on sugar because sugar had been included to the Special Commodity Tax List. However, the Government removed sugar from the list on this Tuesday that resulted in adding another three taxes like PAL, Excise Duty and National Building Tax (NBT),” Fernando said. (Sheain Fernandopulle)

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Comments - 4

Dee Wednesday, 19 September 2018 05:39 PM

Like Fags and Booze, this is one commodity that will always sell- whatever the price increase is.

Karu Wednesday, 19 September 2018 05:43 PM

Indian rupee too has depreciated in a big way in recent times but no signs of increase in prices of essential items other than petrol.

Doss Thursday, 20 September 2018 09:44 AM

Because India produces most of their goods. We import most of the goods.

Rasheed Thursday, 20 September 2018 10:35 AM

Now all essential items are governed by either pricing formula or Association. What is the Minister doing ?

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Wholesale price of sugar 1kg up by Rs.15

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