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Prices of essential consumer goods to drop ahead of New Year

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Agriculture and Plantation Industries Minister Mahinda Amaraweera said that the Cabinet led by President Ranil Wickremesinghe discussed reducing the prices of all essential consumer goods and providing relief to the public before the upcoming Sinhala and Tamil New Year celebrations.

A discussion was held yesterday (14) at the Agriculture Ministry regarding limiting the import of used coconut oil and improving the quality of local coconut oil products.

Officials from institutions such as the Coconut Development Authority and the Coconut Development Board participated in the discussion.

The coconut oil produced in this country is of high quality, but a large amount of used coconut oil is imported. Officials in charge of coconut-related product industries pointed out that consumers have to face various health problems as a result.

As the price of coconut oil is currently high in the market, the price reduction was also discussed here.

Accordingly, it was decided to appoint a committee to set up a programme to improve the quality of coconut oil and regulate and identify the quality of imported edible oil. Also, it was decided to present a Cabinet paper to draw the attention of the Cabinet in this regard.

Minister Amaraweera who expressed his views said, “Nowadays, the increase in the price of goods has become unbearable for the people. The Government’s attention has been drawn in this regard. This issue was widely discussed in the Cabinet meeting held last Monday.

“Accordingly, the Government decided to start a programme to reduce the prices of all consumer goods in our country before the Sinhala and Tamil New Year.

“The Government has focused on removing and reducing the taxes imposed on many imported goods. As discussed by the Cabinet of Ministers led by President Wickremesinghe, many concessions will be given to the public in the coming period.

“However, there will be no price increases in the near future. There are only price reductions ahead.”

The post Prices of essential consumer goods to drop ahead of New Year appeared first on DailyNews.

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