The Government has decided to further extend its price stabilisation agreement for the month of September too, that will see a continuation in the adoption of wholesale price formula to determine the price of 10 essential commodities as a means of providing relief to the consumers.
A spokesman for the Ministry of Trade, Marketing Development, Co-operative and Consumer Services said the Government will sign the price stability agreement with the Essential Food Commodities Importers and Traders Association at 3.00.p.m today to give effect to this decision.
The maximum wholesale prices of 10 essential commodities will be announced by the Government following the removal of VAT, and PAL(Ports and Aviation Levy) together with the SRL(Social Responsibilities Levy).
Accordingly, potatoes, big onions, red onions, gram, green gram, sugar, canned fish, dried chilies, dhall and sprats will be available at Laksathosa branches, Economic Centres and Co-operatives islandwide at low prices.
The Government has embarked on a special project to provide these essential food items without undue delay to the consumers. Prices of ten essential items have been selling at very low prices for the past few months under this agreement.
This decision was taken by the Cost of Living Committee comprising the Prime Minister, Agriculture Minister and Trade Marketing Development, Co-operatives and Consumer Services Minister with the objective of providing concessions to the ordinary masses vis-a-vis the cost of living.
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