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Price controls removed

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By Saman Indrajith

There are no goods in the market at the government stipulated prices, says the Samagi Jana Balavegaya.

Chief Opposition Whip and SJB Kandy District MP Lakshman Kiriella told Parliament yesterday that the government had announced maximum retail prices through gazettes but nowhere in the market were goods available at those prices.

“There is a gazette stating the controlled price of sugar at Rs. 88 a kilo but in the market it is Rs. 99 a kilo. This is true of other essential items. There is no place where 27 commodities are sold at the government-stipulated prices.”

Minister Bandula Gunawardane: There is no such gazette. We have withdrawn it.”

MP Kiriella: “When did you withdraw the gazette?”

Minister Gunawardane: We withdrew it today.

Minister Gunawardane said that the gazette on controlled prices had been withdrawn after announcing that the government would maintain fixed prices as regards 27 essential commodities for three months starting Feb 8, subject to foreign exchange rates and any taxes that may be imposed on certain imported goods. As per that directive,  prices of red raw, white raw, white nadu, samba, and kiri samba rice, wheat flour, white sugar, brown sugar, green tea, red dhal-Australian, big onion-Indian, potato-native, potato-Pakistani, chickpea, dried chili, canned fish local and imported, sprats, chicken, salt, milk powder, soybean oil, laundry soap, laundry bar soap, fragrance soap, hand wash liquid, mouthwash will be kept stable for the next three months.

The Minister said that when the sugar price increased in the world market, four gazettes had been issued by the President to remove taxes on four essential items including sugar, but nowhere were those items sold at the revised prices except at Sathosa outlets. Therefore, we withdrew the price control gazette today and introduced the new mechanism.”

 

 



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President requests the opposition to support the implementation of the IMF agreement

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President Ranil Wickremesinghe urged the Opposition to unite and disregard political differences to assist in carrying out the IMF agreement, which would aid in the development of Sri Lanka’s economy.

The President emphasized that his duty is not to condemn previous administrations but to concentrate on the development of the country. He also declared his dedication to constructing a better future by creating laws and frameworks that prevent the recurrence of past errors.

President Ranil Wickremesinghe delivered this message in a special address to Parliament this morning (22) regarding the receipt of the Extended Credit Facility from the International Monetary Fund.

He stated that despite allegations being leveled against him that his objective was not to rescue the country from an economic crisis but to safeguard the Rajapaksa family, the international community had acknowledged his efforts to carry the country across the economic vine bridge.

The President further said that he had faith in rebuilding the beloved country where he was born, brought up and educated, and said that many past experiences were the reasons for confirming that faith.

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SJB, JVP move SC against Finance Secy. for contempt of court

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The main Opposition, Samagi Jana Balavegaya (SJB), and the Janatha Vimukthi Peramuna (JVP) yesterday (21) moved Supreme Court against Treasury Secretary Mahinda Siriwardana over his failure to provide funds required by the Election Commission to conduct the Local Government polls, ignoring an interim order issued by the apex court, on 03 March.

Ranjith Madduma Bandara, MP, is the petitioner for the SJB and Vijitha Herath, MP, moved court on behalf of the JVP, the leading party in the Jathika Jana Balawegaya (JJB).

Two Opposition parties declared action against Siriwardana the day after the Freedom People’s Alliance (FPA) issued a seven-day ultimatum to the Finance Secretary to release the funds.

EC Chairman Nimal Punchihewa is on record as having said that in spite of SC directive he didn’t receive fresh funding.

The petitioners sought the issuance of summons on Siriwardana for contempt of court over failure to carry out its interim orders, given on 03 March.

The petitioners want the Finance Secretary punished in terms of Article 105 (3) of the Constitution.

The SJB stated that Siriwardana had refrained from carrying out the March directives, on the basis of a Cabinet decision, taken on 13 Feb., 2023. The SJB also pointed out that the offensive conduct of the Treasury Secretary, inter alia, causes grave prejudice to the esteemed authority of the Supreme Court and in turn disturb the public confidence in the authority of the highest Court in the country. (SF)

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Minister indicates reduction in fuel prices in April

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Power and Energy Minister Kanchana Wijesekara told Parliament yesterday that fuel prices would be reduced considerably according to the fuel price formula at the next fuel price revision, due in April.

The Minister said that the government would be able to procure fuel shipments, at lower prices, during competitive bidding, with the receipt of the IMF bailout.

There had been practical issues, and problems, in opening Letters of Credit, and obtaining credit facilities, in the recent past, as Sri Lanka could not give a guarantee to fuel suppliers, Minister Wijesekara said.

“We could not open LCs and obtain credit facilities when procuring fuel. After the IMF bailout, we will be able to procure fuel at lower prices during competitive biddings. We will be able to obtain a long-term credit facility as well. Fuel prices in the global market seem to have declined and the rupee has also gained strength against the US Dollar. Having considered all these factors, fuel prices will be reduced by a considerable margin which could be felt by the people,” he said.

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