The Consumer Affairs Authority has gazetted a maximum retail price (MRP) for three categories of cement in Sri lanka.
In an extra ordinary gazette notification, the authority says it will no longer allow the sale of the following types of cement above the gazette maximum retail price.
|Cement manufactured in Sri Lanka||Rs. 1,005.00|
|Cement imported in bulk form & packetted in Sri Lanka||Rs. 950.00|
|Cement imported in packetted form||Rs. 930.00|
The relevant gazette notification has been issued under the powers vested by the authority under section 20 (5) of the Consumer Affairs Authority Act No 09 of 2003.
Retired Major General Shantha Dissanayake, Chairman of the Consumer Affairs Authority, said in a gazette notification that the maximum retail price should not be overstated, marketed and displayed.