Written by Staff Writer
19 Nov, 2019 | 11:36 am
Colombo (News 1st): The Consumer Affairs Authority launched islandwide raids to nab traders who sell wheat flour above the mandated prices. The Consumer Affairs Authority stressed companies and traders were not permitted to increase the price of wheat flour.
The CAA said any price increase without the written approval from the Consumer Affairs Authority would be viewed as an illegal move. On two separate occasions earlier, the price of wheat flour was increased and the CAA filed legal action against 400 errant traders who sold wheat flour above the mandated prices.
Wheat flour was classified as an essential food item and the government imposed a control price of Rs. 87. The CAA stressed a packeted kilogram of wheat flour is sold at a maximum retail price of Rs. 92.
Prima Company and Serendib Flour Mills increased the price of a kilogram of wheat flour by Rs. 8 without notice. When contacted, both companies said no decision was taken to reverse the price increase.
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