Sugar Price Increase in the Market

The price of a kilo of raw sugar, which was sold at Rs 93 in the market, has gone up by 17 rupees and it is currently sold at Rs 110.

A Consumer Affairs Authority (CAA) source, when asked  about the sudden price hike, said that the Committee on Cost-of-Living had approved the increase in price on requests made by sugar importers.

CAA sources said the sudden price hike in sugar had also come about due to the 27 January gazette notification being withdrawn by the Committee on Cost-of-Living. Following the withdrawal of the said gazette notification the wholesale price of a kilo of sugar in the Pettah currently fluctuates between Rs 98 and 100 and likewise the retail price of sugar has also shot up.