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Saturday, 28 July 2018 - 13:20
Price of bread likely to be increased by Rs. 10
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The All Island Bakery Owners' Association warns that if the 2% Nation Building Tax and other taxes on bakery products are not removed, they may have to increase the price of a loaf of bread by Rs. 10.
 
The Chairman of the Association, N. K. Jayawardana said that they face many difficulties by the increase in the prices of ingredients, taxes on ingredients and as well as the lack of support to the industry from the government.
 
He further said that a 200% tax is imposed on imported ingredients and Rs. 215 tax is applicable on a kilogram of margarine.
 
The prices of bakery products except bread were increased by Rs. 5 with effect from 15th of this month.
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