Nov 08, 2017 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera said levies on several essential food items are to be reduced from midnight today to control the cost of living of the consumers.
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Announcing this pre-budget benefit, minister told the media that majority of the consumers will benefit from this action, due to reduction of prices.
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He said this reduction will cost the government around 1,500 million rupees per month.
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According to the announcement, the levy of following food commodities will reduce in following manner.
| Item | Prevailing Duty Rate | New Duty Rate | Duty Reduction |
| (Rs. Per kilo) | (Rs. Per kilo) | by (Rs. Per kilo) | |
| Sprats | 11 | 1 | 10 |
| Potatoes | 40 | 1 | 39 |
| B’ onions | 40 | 1 | 39 |
| Lentils – whole | 10 | 1 | 9 |
| Lentils – Split | 15 | 3 | 12 |
| Dried fish | 102 | 52 | 50 |
| Palm oil/other veg. oil – crude | 110 | 95 | 15 |
| Palm olen | 115 | 100 | 15 |
| Palm stearin | 110 | 95 | 15 |
| Refine palm oil | 135 | 110 | 25 |
| Other veg. oil refine | 130 | 105 | 25 |
| Palm Kernal – crude | 130 | 105 | 25 |
| Refine | 145 | 110 | 35 |
| Coconut oil (Crude/ Refine) | 130 | 105 | 25 |