Upto Rs. 10mn in fines for entities that hike prices of essential goods

Amendments to the Consumer Affairs Authority Act are expected to allow action to be taken against individuals and companies who increase the prices of essential items and sell the goods above the controlled prices.

According to the State Minister of Co-operative Services, Marketing Development and Consumer Protection Lasantha Alagiyawanna, these amendments will be tabled in the Parliament on Monday (06).

The fines which are expected to be imposed for such offences are detailed below: