The Finance Ministry has decided to increase the prices of items belonging to nine categories including food items, following the imposition of a special trade tax.
Accordingly, the prices of imported apple, grapes, oranges and pomegranate, imported yogurt and imported cheese will soar upon the special trade tax.
In the imposition of the tax, the tax on a kilogram of apples will soar by Rs. 200 and the tax on a kilogram of grapes by Rs. 100.
The tax will also increase the tax on a kilogram of oranges by Rs. 75 and the tax on a kilogram of pomegranate by Rs. 100.
Meanwhile, the tax on a kilogram of imported yogurt will soar by Rs. 100 and on a kilogram of imported cheese, Rs. 400.
In the backdrop, the retail prices in the market are also likely to soar.
MIAP
