Trade Minister Bandula Gunawardana yesterday ruled out the possibility to grant approval for a price hike of imported milk powder because it would add to the burden of people battered by the pandemic.
Earlier, the leading milk powder importers insisted on a price hike of Rs. 350 for a one kilo packet due to the spike in the world market and the exchange cost due to the depreciation of the rupee. They also warned of a possible shortage of products in the local market unless a price increase was allowed.
However, Minister Gunawardana said everyone had to endure difficulties due to the pandemic.
“People are already burdened. Everyone should make a compromise at this time for the greater good of society,†he said
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Will they use the same theory used for gas - lower the quantity and reduce the price?