The Consumer Affairs Authority (CAA) has given approval to increase the price of a 50kg bag of cement by Rs.30, in a move that has been slammed by consumer activists.
Cement prices are regulated by the CAA as it is listed as an essential item. Other than cement, the CAA also decides the price of LP Gas. Approval to increase prices was made by the CAA recently, sources within the CAA told media.
The National Movement for Consumer Rights Protection immediately slammed the move and appealed to President Maithripala Sirisena to reverse it. The organisation also criticised Industry and Commerce Minister Rishad Bathiudeen for allowing the increase to be approved, as the CAA is under his ministry.
Sources : news24