Mangala hints cap on sugar retail price

Published : 9:01 am  September 21, 2018 | No comments so far |  | 


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By Ajith Siriwardana 

Finance Minister Mangala Samaraweera said yesterday a maximum retail price would be introduced on sugar, if sugar prices were increased in line with the recent tax increase. 

He told parliament that he had advised sugar importers not to pass the tax increase to the consumers for which they agreed.   

The Minister said this in response to a question raised by joint opposition MP Padma Udayashantha Gunasekara whether sugar prices have been revised due to recent tax increase.