The price of a cup of milk tea has been lowered by Rs. 10 with immediate effect, the All-Island Restaurant Owners’ Association announced on Thursday (16).
Association Chairman Harsha Rukshan said the reduction follows a decrease in the cost of imported milk powder, allowing eateries to pass on the benefit to consumers.
Milk powder importers have agreed to cut the price of imported milk powder by Rs. 125 per kilogram starting today. As a result, the price of a 400-gram packet will be reduced by Rs. 50, according to the Ministry of Trade, Commerce, Food Security and Cooperative Development.
The price adjustment is expected to provide some relief to consumers amid rising living costs.
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