Wed, 08 Dec 2021 Today's Paper

SL hit by rising cost of living wave

12 October 2021 08:46 am - 19     - {{hitsCtrl.values.hits}}

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• Within the past 48 hours, prices of domestic gas cylinders saw a huge increase followed by increases in the prices of flour, cement, bread, lunch packets, a cup of tea and possibly fuel in the coming days

• Following the increase in the price of flour, Bakery Owners yesterday announced that a 450 kg loaf of bread would be increased by Rs.5

Sri Lanka has within the past 48 hours announced rising prices for basic necessities which has led to anger among citizens throughout the nation as the public still struggles to come out of the COVID-19 pandemic which saw many livelihoods come to a standstill especially during the 42 day lockdown.

Litro Gas Lanka who on Sunday night announced a skyrocketing increase on its domestic gas cylinders, yesterday made a small U-turn by offering the public a slight reduction. As a result, a 12.5kg gas cylinder now costs Rs.2,675, a 5KG cylinder costs 1,071, a 2.3 kg cylinder costs Rs.506 and a

37.5 kg cylinder costs Rs. 8,300.

Laugfs Gas also increased its prices on Sunday night for the Colombo district with a 12.5 kg cylinder increased by Rs.984 to Rs.2,840 and a 5 kg cylinder increased by Rs.393 to Rs.1,136.

With gas prices now a burden on the consumer, social media had an increasing number of inquiries yesterday on the price of firewood and kerosene with the public voicing their disgust over the sudden increase.

Following this increase, yesterday morning, Prima and Serendib Flour Mills announced that a kilo of flour had been increased by Rs.10 with immediate effect subsequently leading to an increase in the prices of lunch packets, fried rice, kottu and a cup of milk tea by Rs.10 from today.

Chairman of the All Island Canteen Owners Association,asela Sampath told the Daily Mirror that the price of plain tea however would remain at Rs.25 but lamented that a small increase of Rs.10 would be a loss to the canteen owners.

He said with the massive increase in the price of gas, the price of a lunch packet should be increased by Rs.30, but considering the situation of the people, the AICOA had decided to increase the prices by Rs.10.

Sampath said with the massive escalation in the prices of essentials, the canteen industry was in danger of collapse as people would now refrain from buying cooked food from shops and canteens.

Following the increase of flour, Bakery Owners yesterday announced that a 450 kg loaf of bread would be increased by Rs.5 as they had received the relevant flour stocks for the bakery products at the increased price. The price of a 50kg cement was also increased by Rs.93, officials said with a bag now costing Rs. 1,098 from its earlier price of Rs.1,005.

Meanwhile, with the existing sudden price hikes, the Ceylon Petroleum Corporation yesterday hinted that a fuel price hike was also possible considering the fuel prices in the world market.

CPC Chairman W.W.D. Sumith Wijesinghe told Daily Mirror that global prices were fast increasing and the price of a crude oil barrel, which was US $85 on October 1, had increased to US $92.

With Sri Lanka just coming out of the 42-day lockdown and with the economy facing a severe brunt, social media broke out in debate yesterday with a majority voicing their anger against the sudden price hikes. On Twitter and Facebook, people expressed their disappointment at the rising

cost of living with many calling it the incompetence of the government while some slammed the opposition over its dull silence.(JAMILA HUSAIN)

  Comments - 19

  • joshua Tuesday, 12 October 2021 09:02 AM

    This is most incompetent government of all times. Taken this country for a ride whilst looking after themselves. Next is fuel price hike. More will come thru Budget in November. A special thanks to the 6.9 Mn morons.

    BuffaloaCitizen Tuesday, 12 October 2021 09:12 AM

    This is a direct impact of all the money we have lost on Mihin Lanka, Mattala Airport, Lotus Tower, H'tota Convention Center, Oil Hedging, Bond Scam, Greek Bonds and still the fellows responsible for this are continue to get elected and keep ruling us. We deserve this.

    Bing Bing Tuesday, 12 October 2021 09:38 AM

    Should hold a election now to see the results

    Kikazaru Tuesday, 12 October 2021 09:38 AM

    Many I call it a rising cost Tsunami!

    Janaka Tuesday, 12 October 2021 09:39 AM

    What are the loans taken by Rajapaksa governments during 2004-2015, 2019-1021 periods? Please let us know! Repayments for these loans are causing all the hardships.

    Citizen Shortage Tuesday, 12 October 2021 09:39 AM

    Didn't I warn this before the latest lockdown? Doesnt matter who rules sri Lanka, any prolonged lockdown will have severe economic consequences. look at Lebanon. Until recently it was richer than sri lanka. now Lebanon is a basket case. Things can go bad to basket case very quickly.

    Kapila Tuesday, 12 October 2021 09:40 AM

    6.9 mil voters deserve it. This country cannot be changed until these 6.9 mil understand that this family is robbers. The truth is even in next president election these 6.9 morons will get fooled

    Maja Tuesday, 12 October 2021 09:40 AM

    Once upon a time there were highly educated people from Oxford

    Gayan Tuesday, 12 October 2021 09:42 AM

    The state run departments are huge burden on the treasury. Need to privatize the non essential areas of the administration.

    janp Tuesday, 12 October 2021 09:47 AM

    PRINTING MONEY RUPEES TRILLIONS,HUGH CORRUPTIONS, MAINTENANCE OF PARLIMENT MEMBERS AND THEIR FAMILIES, INCOMPETENCE OF GOVERNMENTS,ALL THIS LED TO PRESENT SITUATION AND CONTINUEING WHO IS RESPONSIBLE????

    Terrence Tuesday, 12 October 2021 09:53 AM

    6.9mn Buffaloes will never understand although they are being taken for the slaughter

    Mokan Tuesday, 12 October 2021 12:34 PM

    Don’t blame it on Shut down. Rest of the world is not suffering with such a cost increases

    selvakumar Tuesday, 12 October 2021 12:50 PM

    It's economic way in sri lanka very poor..., but the government make it again poor

    Achilles Tuesday, 12 October 2021 03:53 PM

    Damn good for the 69 lakhs of morons who Viyathmaga into power. Dan Sepada !!!

    Malik Tuesday, 12 October 2021 04:09 PM

    Sir and the country has failed , get ready to pack the bags and go home, never come back, its a curse. the biggest curse has hit SL starting from November 2019

    Aravindha Tuesday, 12 October 2021 04:19 PM

    Thank you SL govt for your excellent service

    Mandayan Tuesday, 12 October 2021 04:33 PM

    We elected a military man who admitted he lacked political experience and so let’s face the music.

    Simon Wednesday, 13 October 2021 03:34 AM

    Colombo convent educated crowd should switch to firewood and bicycles to save the country.

    Cool Wednesday, 13 October 2021 06:43 AM

    Cool, very soon citizens will have no say!!!


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