Medicine prices to increase by 29%
Posted by Editor on March 11, 2022 - 3:05 pm
The Medicines Price Control Committee had granted approval to increase the prices of medicines by 29%.
State Minister Professor Channa Jayasumana told Parliament that pharmaceutical importers had requested for price increases for pharmaceutical products due to the increase of the US Dollar against the rupee in the past two days.
He said there was a shortage of drugs during the last few days as traders, distributors and importers either hoarded the stocks or stopped distribution thinking that drug prices would go up.
Latest Headlines in Sri Lanka
- Sanath Nishantha to pay electric bills of SLPP low-income families October 4, 2023
- Chairman of CEYPETCO and CPSTL Uvais Mohamed resigns October 4, 2023
- Sri Lanka’s Nadeesha Dilhani Lekamge wins Asian Games athletics medal after 17 years October 3, 2023
- World Bank boosts Sri Lanka economic forecasts after inflation progress October 3, 2023
- Sri Lanka President slams western media, says no to international probe October 3, 2023
