Finance Minister announces pre-budget bonanza

Finance and Mass Media Minister Mangala Samaraweera today announced a pre-budget bonanza where the levy imposed on several essential food items had been reduced from midnight, today.

The Minister said that a majority of the consumers will benefit from the reduction of prices.

Accordingly the levy imposed on the following food commodities will reduced:

 

 

 

 

 

Item Prevailing Duty Rate

(Rs. Per kilo)

New Duty Rate

(Rs. Per kilo)

Duty Reduction

by (Rs. Per kilo)

Sprats 11 01 10
Potatoes 40 01 39
B’ onions 40 01 39
Lentils – whole 10 01 09
Lentils – Split 15 03 12
Dried fish 102 52 50
Palm oil/other veg. oil – crude 110 95 15
Palm olen 115 100 15
Palm stearin 110 95 15
Refine palm oil 135 110 25
Other veg. oil refine 130 105 25
Palm Kernal – crude 130 105 25
Refine 145 110 35
Coconut oil

(Crude/ Refine)

130 105 25

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