According to the latest gazette, that price increase will remain in force for one year, with no increase in local prices even if prices increase in the world market during the period.
Senaratne also said patients benefitted from the reduction in the prices of 48 essential medicines from 21 October 2016 to 14 December 2017. A related gazette extraordinary spells out the individual increases. For example, the paracetamol price goes up from Rs. 1.30 to Rs. 1.37. The National Drug Regulatory Authority will supervise and conduct raids to nab traders who sell at higher prices. The minister criticized the National Movement for the
Protection of Consumer Rights which yesterday publicized the increased prices, and noted that it remained silent when the prices were reduced to benefit consumers a year ago.
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