Prices of milk powder reduced

Prices of milk powder reduced

(FASTNEWS | COLOMBO) – A decision has been reached to reduce the price of a packet of milk powder, the Consumer Affairs Authority (CAA) stated.

The milk powder companies have consented to enforce the decision in the coming week.

Accordingly, the price of 1 kilogram packet of milk powder reduced by Rs. 45, while the price of 400 grams packet of milk powder reduced by Rs. 15 with effect from today (09).

The CAA stressed that the decision to grant the concession was reached following the Government’s recent reduction of the Value Added Tax (VAT) and the Nation Building Tax (NBT).