Although the duty was reduced, the wholesalers haven't reduced the prices and as a result, the price of a kilogram of sugar is hovering around Rs. 125 in the open market.
Further, no consumer has been able to purchase a kilogram of sugar at the government stipulated maximum retail price of Rs. 85.
Although the relevant changes could be made 30 days after the imposition of the special commodity levy, no decision was taken at the Cabinet meeting yesterday regarding this controversial issue.
Sources close to the line ministry said that a decision will be taken at the Cabinet meeting scheduled to be held before the budget today.
Meanwhile, a ship carrying 28,000 tonnes of sugar, imported by a renowned company after paying 25 cents per kilogram in customs duties, has been docked at the outer-harbor at the Colombo port. Several other importers of sugar are closely monitoring to see at what price this company would sell its stocks if the relevant duty is increased to Rs. 50.
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