iNewz.in Hindi News

Inflation Hit: Outcry In Sri Lanka, Lpg Cylinder Of 2657, Milk Powder Rs 1195 A Kg

World Desk, Amar Ujala, Colombo

Published by: Surendra Joshi
Updated Mon, 11 Oct 2021 10:33 PM IST

Summary

Sri Lanka took measures to save foreign exchange reserves by imposing restrictions on imports. Due to this there was a shortage of essential commodities in the country.

The Sri Lankan government has abolished the price limit of essential commodities three days ago. This is having a catastrophic effect on the public. On Monday, the price of LPG rose to 2657 Sri Lankan rupees per cylinder, while milk powder reached Rs 1195 per kg.
The price of gas cylinder has increased by 90 percent. Last Friday, the price of cylinder was Rs 1,400, which has now reached Rs 2,657 after an increase of Rs 1,257. Similarly, milk powder has become costlier by Rs 250 in three days. The prices of many other essential commodities including flour, sugar, cement have also increased a lot in the country.
The Sri Lankan government, after a cabinet meeting chaired by President Gotabaya Rajapaksa on Thursday night, decided to do away with the price control system for milk powder, gas, flour and cement. This decision was taken because Sri Lanka, which is facing economic crisis due to the Kovid epidemic, took a measure to save foreign exchange reserves in the year 2020 by banning imports. Due to this there was a shortage of essential commodities in the country. Due to paucity of dollars, importers are not able to pay for goods brought from outside. This has stopped the supply.

Expansion

The Sri Lankan government has abolished the price limit of essential commodities three days ago. This is having a catastrophic effect on the public. On Monday, the price of LPG rose to 2657 Sri Lankan rupees per cylinder, while milk powder reached Rs 1195 per kg.

The price of gas cylinder has increased by 90 percent. Last Friday, the price of cylinder was Rs 1,400, which has now reached Rs 2,657 after an increase of Rs 1,257. Similarly, milk powder has become costlier by Rs 250 in three days. The prices of many other essential commodities including flour, sugar, cement have also increased a lot in the country.

The Sri Lankan government, after a cabinet meeting chaired by President Gotabaya Rajapaksa on Thursday night, decided to do away with the price control system for milk powder, gas, flour and cement. This decision was taken because Sri Lanka, which is facing economic crisis due to the Kovid epidemic, took a measure to save foreign exchange reserves in the year 2020 by banning imports. Due to this there was a shortage of essential commodities in the country. Due to paucity of dollars, importers are not able to pay for goods brought from outside. This has stopped the supply.

.

Leave a Reply