Sri Lanka, Jan. 29 -- The National Movement for Consumer Rights Protection (NMCRP) has warned that due to the budget proposal submitted by the government to remove the Special Commodity Levy on coconut oil and palm oil, it could lead to serious market and health-related consequences.

Addressing a media briefing held in Colombo today (29), NMCRP chairman Ranjith Vithanage stated that the proposed decision carries a high risk of coconut oil being mixed with harmful oils before entering the local market.

He further stressed that a potential increase in the price of locally produced coconut oil could be expected from April 01.

Vithanage noted that the removal of the levy may encourage the widespread availability of palm oil and other subst...