Percentage on lowering prices of local school products, shoes to be announced on May 23 | Sri Lanka News

Manufacturers agreed to lower the prices of local school products and shoes. Hence, the official announcement on the percentages of price reductions will be made on May 23, Finance State Minister Ranjith Siyambalapitiya said.

He pointed out that this decision was in response to a request to provide consumers the benefit of the lower prices of raw materials compared to the devaluation of the dollar, during a discussion held yesterday at the Ministry.

The minister said the prices of commodities, which had increased in comparison to the increase in the dollar rate had not decreased when the dollar depreciated.

Sinve parents face a lot of difficulties due to this situation, the minister said that if the prices are not reduced, the government will have resort to other options.

Therefore, the minister urged the manufacturers to release their products to the market at the lowest possible prices. (Chaturanga Pradeep Samarawickrama)

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