As soon as the control prices were lifted, Milk Powder importers were first to increase their prices.

According to the revised prices, a packet of 1 kg of milk powder which was sold at Rs. 945 will be sold at Rs. 1,195.

The 400g milk powder packet which was sold at Rs. 380 will be now sold at Rs. 480.

One of the key players in the Sri Lankan LP Gas market, Laughs Gas said the price of Gas will also be increased.

Speaking to News 1st, the Chairman of Laughs Gas said, the revised prices will be announced within the next week.

When we inquired Litro Gas Ltd of a possible price increase, a spokesperson at Litro confirmed that a final decision regarding a price hike is yet to be taken.

Sri Lankan President Gotabaya Rajapaksa has instructed Trade Minister Dr. Bandula Gunawardena and State Minister of Cooperatives, Marketing Development and Consumer Protection Lasantha Alagiyawanna not to allow any shortages or unreasonable increases in market prices of essential commodities whose price controls have been removed.

The stocks of rice imported to Sri Lanka are due to be brought into the country on Sunday (10) and Minister of Trade Bandula Gunawardena said that a kilo gram of rice will be provided to the general public at a price less than 100 rupees.