News
19 Sep, 2018
The Finance Ministry says approval has not been given to increase the price of sugar.
The Sugar Importers? Association said the wholesale price of?sugar has been increased from today.
Accordingly, the wholesale price of?sugar has been increased?by Rs 15 a kilo, the Sugar Importers? Association said.
The Finance Ministry said that world sugar prices have dropped drastically and so despite a new tax being imposed on sugar the selling price of sugar cannot be increased.
The Finance Ministry warned that action will be taken if the price of sugar is increased in the market. (Colombo Gazette)
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