Sugar prices increased to 200 percent in three years

Sugar prices have risen by more than 200 percent (200%) since the present government took office, according to official statistics.

Sugar prices have risen to an all-time high, rising from Rs53 to Rs160 per kilogramme in the retail market and from Rs47 to Rs88 in the wholesale market in the last three years.

Sugar manufacturers, wholesalers, and middlemen collectively paid roughly Rs17 billion in extra sales tax, which was raised from 8% to 17% during this period.



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