Fine for selling goods above maximum price to be increased to Rs. 100,000

Fine for selling goods above maximum price to be increased to Rs. 100,000

August 10, 2021   09:19 am

The fine imposed on traders who sell essential goods above the maximum retail price will be increased from Rs. 2,500 to Rs. 100,000, Trade Minister Bandula Gunawardena says.

He added that the Cabinet of Ministers has given the nod to the relevant decision.

Accordingly, an extraordinary gazette notification is expected to be published today (August 10) to announce the decision.

“Certain people involved in paddy mafia said that they would not let the government to increase this fine under any circumstances,” the minister said further.

In the meantime, State Minister of Consumer Protection Lasantha Alagiyawanna stated that the advice of the Attorney General will be sought to take action regarding the private gas companies’ move to shut off their supply chain.

A crisis has emerged as gas companies limited their imports after not receiving permission to increase the prices, the state minister pointed out.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

Public reports shortage of LP gas cylinders despite price increase (English)

Public reports shortage of LP gas cylinders despite price increase (English)

Drug haul worth over Rs. 10 bn and 11 firearms seized from fishing vessels intercepted by navy (English)

Sarvajana Balaya vows to release auspicious times table if govt fails to reestablish committee (English)

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

Ada Derana Lunch Time News Bulletin 12.00 pm

Govt. assures uninterrupted fuel supply for 2 months - President Anura Kumara (English)

LITRO Gas prices increased after 18 months amid supply shortage due to Middle East conflict (English)

Govt implemented a modest increase in fuel prices - Trade Minister Wasantha (English)