The Cabinet appointed Cost of Living Committee has granted approval to increase the price of a kilogram of milk powder by Rs 80.
The companies importing and distributing milk powder in Sri Lanka has requested the Consumer Affairs Authority to grant permission to raise the prices of the powdered milk due to the increase of prices in the world market.
Accordingly, the request has been forwarded to the Cost of Living Committee and the Consumer Affairs Authority has received the approval from the committee Friday (23).
Director General of Consumer Affairs Authority, D. Jeewananda says the Cost of Living Committee has approved increasing the price of all milk powder except the infant formulas by Rs. 80 for a kilogram.
The relevant gazette notification will be issued next week.