Government imposes price control on 862 drugs: Health Minister
- CNL Reporter
- March 12, 2025
- News
- Government imposes price control on 862 drugs: Health Minister
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Sri Lanka will expand the current administered prices to 862 drugs in the market, Health Minister Nalinda Jayatissa said expanding state controls brought during the so-called Yahapalana administration.
“We are discussing with importers and local producers, so that they can operate their businesses, and to do justice by the people, to introduce price formulae to 862 drugs,” Minister Jayatissa told reporters on March 11.
“We will start operating that formula in the near future. We will do change in drug prices that people will feel.”He said.The Yahapalana administration set up the National Medical Regulatory Authority, to control prices of drugs in the name of ‘regulation’ and also promote generics.
Administered prices for a number of goods were abolished as Sri Lanka opened the economy in 1978.Though analysts called for price formulas for fuel and electricity, which were state monopolies or oligopolies,
