Sri Lanka Consolidated Acts

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National Prices Commission Law (No. 42 of 1975) - Sect 17

Controller of Prices may request Commission to fix the prices, or to set out the price structure, of certain articles

17. If it appears to the Controller of Prices that there is or there is likely to arise in Sri Lanka a shortage of any article, other than a prescribed article, or any unreasonable increase in the price of such first-mentioned article or that the price at which such article is being sold is excessive, he may request the Commission
(a) to fix the maximum factory, wholesale or retail prices above which such article shall not be sold or set out the price structure according to which such maximum prices shall be fixed; or
(b) in the case of an article in respect of which there is an Order under section 20, for the time being in force, fixing the maximum prices above which such article shall not be sold, or setting out the price structure according to which such maximum prices shall be fixed, to vary the maximum prices fixed or the price structure set out by such Order:
Provided that the Controller of Prices may. where he deems it necessary to do so in a case of extreme urgency, fix, by Order published in the Gazette, the maximum prices of such article and at the same time make such a request to the Commission; and such Order shall, until confirmed or varied by the Commission, be deemed to be an Order made by the Commission under section 20.


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