Cabinet approval has been granted to reduce the price of sixty essential drugs with from June 15, Cabinet Spokesman Mass Media Minister Dr.Bandula Gunawardena said.
He was speaking at the weekly Cabinet media briefing held yesterday at the Government Information Department.
The National Medicines Regulatory Authority established under the National Medicines Regulatory Authority Act No. 5 of 2015 is responsible for regulating all matters related to
imposing prices of medicines. Considering the depreciation of Sri Lankan Rupee compared to the US dollar, the Health Ministry has given consent to increase the maximum retail price of medicines up to 97 percent on several instances.
As a result of the economic stabilisation programme implemented by the government at present, the value of the US dollar has considerably declined.
Accordingly, the Cabinet of Ministers approved the proposal raised by the Health Minister to reduce the maximum retail price of 60 medicines by 16 percent with effect from June 15 , 2023 and review the price of medicines every three months.
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