The prices of 74 basic essential pharmaceutical products will be reduced by an average of 30 percent from the 21st of this month.
This is the price control determination by the Commerce Commission, after several months of review.
Chairman Dr Mahendra Reddy said the basic medication range from Paracetamol, Amoxicillin, Tylenol, Aspirin and several other types of medicine however lifestyle drugs will not be under the price control.
Dr Reddy said the new prices will come into effect from next Friday to give the government time to supply the drugs to the pharmacies around the country.
Commerce Minister, Aiyaz Sayed-Khaiyum said 70 percent of the drugs will be sourced from the Government Pharmacy.
Sayed-Khaiyum said Pharmacies will have to display the basic drugs on price control for the public and are seeking the assistance of doctors and pharmacies to be transparent with the consumers.
Stay with us we will have more on the reduction in the price of basic medication this afternoon.
Story by: Sofaia Koroitanoa
Price drop in 74 essential drug medications
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