A Gazette notification that was issued on November 03, 2023, imposing a maximum retail price (MRP) for sugar has been revoked.
The Consumer Affairs Authority (CAA) announced that the Gazette has been revoked with immediate effect.
The CAA had issued the Gazette under the powers vested in Section 20(5) of the Consumer Affairs Authority Act, No. 09 of 2003.
As per the Gazette, no Importer, Manufacturer, Distributor, Supplier or Trader can sell, Supply, Expose or offer for sale, display for sale, or supply for sale white and brown sugar above the Maximum Retail Price.
Accordingly, the CAA had set an MRP of Rs. 275.00 per Kg for unpacketed white sugar and Rs. 295.00 per Kg for packeted white sugar.
An MRP of Rs. 330.00 per Kg was set for unpacketed brown sugar and Rs. 350.00 per Kg for packeted brown sugar.
Gazette ; http://documents.gov.lk/files/egz/2023/11/2356-39_E.pdf (NewsWire)