The government has removed the existing price control imposed on sugar.
The Consumer Affairs Authority last night issued an extraordinary gazette notification to remove all price control imposed on sugar.
The CAA rescinded the order published through a gazette on the 2nd of September.
Yesterday, State Minister of Consumer Protection Lasantha Alagiyawanna said the government has decided to remove the price control imposed on sugar.
The decision was taken during a meeting held between Minister of Finance Basil Rajapaksa and a group of sugar importers.
Accordingly, importers have agreed to sell a kilogram of sugar for a maximum retail price of Rs.150.
State Minister Lasantha Alagiyawanna said the importers had agreed to reduce the prices, if the prices in the international market come down.
The State Minister said the importers had requested a price revision due to the increase in shipping charges and also owing to the depreciation of the Rupee against the US dollar.