The government of Sri Lanka raised the prices of medicinal drugs by 40 percent. However, the increased prices are applicable for a total of 60 medicinal drugs across the island nation.
Lankan Health Minister Professor Channa Jayasumana issued an Extraordinary Gazette notification allowing a 40% price increase on Friday.
As per the gazette “every trader, distributor, pharmacist, medical practitioner, dentist, veterinary surgeon, medical institution including a private medical institution, pharmacy or person who or which is in possession of the Scheduled Medicines for the purpose of sale shall maintain the price of the scheduled medicines at the maximum retail price or revised retail price whichever is less,” reports Ceylon.
Sri Lanka, the island nation, is facing the worst economic crisis in its history since independence. Now, the nation is witnessing shortages of essential goods while there are regular power cuts causing immense hardship to the citizens.
