The National Consumer Front (NCF) announced today that the price of a litre of coconut oil has surged by more than Rs. 100.
According to NCF Chairman Asela Sampath, the price hike ranges between Rs. 180 and Rs. 200, bringing the current retail price of a litre of coconut oil to Rs. 550.
Sampath has called on the government to clarify whether Customs have increased their taxes by Rs. 150 and urged for an immediate investigation into the potential hoarding of coconut oil stocks.
