The cabinet has decided to take over all the imported sugar stock at the tax of 25 cents and sell it at the control price of 275 rupees within a month.
Minister Naleen Fe ando said that the sugar will be sold through Sri Lanka Sathosa, supermarkets, and selected cooperatives and the aim of this program is to eliminate the sugar shortage and direct the amount of sugar required by the people to the market.
The minister mentioned that the sugar stock will be taken from importers and wholesalers from today and the authority is currently calculating the amount of sugar stock imported on the basis of the 25 cent tax.
The Minister said that there is no need for price control with that program.
The minister also mentioned that sugar imported at the tax of 50 rupees can be sold at the new price.