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    <title>Aaj TV English News - World</title>
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    <copyright>Copyright 2026</copyright>
    <pubDate>Tue, 07 Apr 2026 15:45:07 +0500</pubDate>
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    <ttl>60</ttl>
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      <title>Crisis-hit Sri Lanka hikes medicine prices</title>
      <link>https://english.aaj.tv/news/30285222/crisis-hit-sri-lanka-hikes-medicine-prices</link>
      <description>&lt;p&gt;&lt;strong&gt;COLOMBO: Cash-strapped Sri Lanka announced a 40 percent price hike for dozens of commonly used medicines on Saturday as the island nation labours through its worst economic crisis in decades.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;Months of lengthy blackouts and acute shortages of food, fuel and pharmaceuticals have sparked widespread protests calling for the government’s resignation.&lt;/p&gt;
&lt;p&gt;Hospitals have already cancelled routine surgeries after running out of anaesthetics, and Saturday’s directive applies to 60 medicines in short supply.&lt;/p&gt;
&lt;p&gt;Antibiotics, non-prescription painkillers and medications for heart conditions and diabetes will all be subject to the price rise, health minister Channa Jayasumana said.&lt;/p&gt;
&lt;p&gt;It is the second time in six weeks that pharmaceutical prices have been raised. In mid-March a 30 percent increase was imposed.&lt;/p&gt;
&lt;p&gt;Industry officials said the latest hike was necessary to offset the impact of fuel prices, which have doubled since December.&lt;/p&gt;
&lt;p&gt;Official figures released Friday showed Sri Lanka’s inflation rate at nearly 30 percent in April, a seventh consecutive record high.&lt;/p&gt;
&lt;p&gt;Sri Lanka has run out of foreign currency to import sorely needed essential goods.&lt;/p&gt;
&lt;p&gt;The government this month announced a default on its $51 billion foreign debt and asked citizens abroad to donate money to help the island out of its economic predicament.&lt;/p&gt;
&lt;p&gt;Sri Lanka has asked for an International Monetary Fund bailout, which could take up to three months to arrive.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>COLOMBO: Cash-strapped Sri Lanka announced a 40 percent price hike for dozens of commonly used medicines on Saturday as the island nation labours through its worst economic crisis in decades.</strong></p>
<p>Months of lengthy blackouts and acute shortages of food, fuel and pharmaceuticals have sparked widespread protests calling for the government’s resignation.</p>
<p>Hospitals have already cancelled routine surgeries after running out of anaesthetics, and Saturday’s directive applies to 60 medicines in short supply.</p>
<p>Antibiotics, non-prescription painkillers and medications for heart conditions and diabetes will all be subject to the price rise, health minister Channa Jayasumana said.</p>
<p>It is the second time in six weeks that pharmaceutical prices have been raised. In mid-March a 30 percent increase was imposed.</p>
<p>Industry officials said the latest hike was necessary to offset the impact of fuel prices, which have doubled since December.</p>
<p>Official figures released Friday showed Sri Lanka’s inflation rate at nearly 30 percent in April, a seventh consecutive record high.</p>
<p>Sri Lanka has run out of foreign currency to import sorely needed essential goods.</p>
<p>The government this month announced a default on its $51 billion foreign debt and asked citizens abroad to donate money to help the island out of its economic predicament.</p>
<p>Sri Lanka has asked for an International Monetary Fund bailout, which could take up to three months to arrive.</p>
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      <category>World</category>
      <guid>https://english.aaj.tv/news/30285222</guid>
      <pubDate>Sat, 30 Apr 2022 21:37:18 +0500</pubDate>
      <author>none@none.com (AFP)</author>
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        <media:title>source AFP
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