Milk+powder+price+hike+effective+from+midnight
Friday, 04 May 2018 - 14:01
Milk powder price hike effective from midnight
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The Cabinet Sub Committee on Cost of Living has recommended that the Consumer Affairs Authority to allow milk powder companies to increase the retail price.
 
Accordingly, a kilo of milk powder will be increased by Rs. 50 and the price of a 400g pack will be increased by Rs. 20.
 
The price revision is effective from midnight today (May 04).
 
However, the price of baby formula will be unchanged.
 
A member of the subcommittee, Minister of Industry, and Commerce Risath Bathuideen said that milk powder importers demanded a hike of 75 rupees per kilogram.
  
The Consumer Affairs Authority recently permitted gas companies to increase the price of a 12.5 kg domestic gas cylinder by Rs. 245.

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