Health Ministry sets maximum price of paracetamol tablet at Rs 2.30

The Ministry of Health has set the maximum retail price of 500 mg paracetamol tablets at Rs. 2.30 each. It has issued an gazette notification to this effect. The new price comes into effect from 28 February 2022.

The gazette says the maximum retail price of paracetamol tablets/capsules 500 mg shall be applicable to all the brand names of the generic name of the paracetamol tablets/Capsules 500mg.

“A manufacturer, importer, trader, distributor, pharmacist, medical practitioner, dentist, veterinary surgeon, medical institution including a private medical institution, pharmacy or person who or which is in possession of Paracetamol Tablets/ Capsules 500mg, for the purpose of sale shall not sell such Paracetamol Tablets/ Capsules 500mg above the maximum retail price specified in regulation 2 or revised retail price as may be determined in accordance with the provisions of regulation 6,” the Gazette said.

The Gazette said that where any dosage form or strength of the Paracetamol and the maximum retail price of such dosage form or strength of Paracetamol are not specified, the National Medicines Regulatory Authority shall fix the price for the Paracetamol in such dosage form or strength.

Any person who contravenes the provisions of these regulations commits an offence and shall be triable under section 131 of the National Medicines Regulatory Authority Act, No. 5 of 2015.