Finance Ministry insists no approval for flour price hike

The Finance Ministry insisted that approval has not been granted to increase the price of flour.

Finance Minister Mangala Samaraweera said that the price of flour cannot be increased without the consent of the Cabinet appointed Cost-of-Living Committee and the Consumer Affairs Authority.

“Any vendor selling above the mandated price will be dealt with severely,” he said.

He made the comment after it was reported that Prima Ceylon had decided to increase the price of wheat flour from tonight.