The prices of all brands of cigarettes have been increased by Rs 5 per stick from midnight last night due to the Excise tax increased up to Rs.3.80,, the Finance Ministry said.
In keeping up with the increased excise duty, the price of a Rs. 50 cigarette will go up to Rs. 55 and a Rs. 55 cigarette will go up to Rs. 60.
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Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, has cautioned that reversing the current economic programme could lead to a resurgence of the severe economic and social crisis Sri Lanka endured nearly two years ago.
President Ranil Wickremesinghe today inaugurated the open cycle phase of the “Sobadhanavi” 350 MW Combined Cycle Power Plant in Kerawalapitiya, the President’s Media Division (PMD) said.
The Ceylon Petroleum Corporation (CPC) will reduce fuel prices with effect from midnight today.
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