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Prices of N-95 masks reduced by 47% after NPPA advisory

Prices of N-95 masks reduced by 47% after NPPA advisory

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Prices of N95 masks reduced by 47% after NPPA advisory Prices of N95 masks reduced by 47% after NPPA advisory

Leading manufacturers and importers of N-95 masks have reduced prices by up to 47 percent after regulator NPPA stepped in to ensure the availability of this respiratory protection device at affordable rates in the country, the government said on Monday.

N-95 masks were earlier being sold in the market for Rs 150 to 500 per unit and after the advisory by the National Pharmaceutical Pricing Authority (NPPA), prices have been cut.

Keeping in view the grievances received regarding hoarding, black-marketing and differential higher pricing of N-95 Masks in the country, NPPA has directed State Drug Controllers/Food & Drug Administrations of all State/ UT Governments to take appropriate actions. As reported, raids have been conducted by few SDCs/ FDAs and appropriate action is being taken against the hoarders and black-marketers of the essential commodity. A PIL has also been filed before Hon’ble High Court of Bombay on the plea of bringing price cap on the N-95 Masks by the Government.

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The Government is striving to ensure uninterrupted supply of N-95 Masks in adequate quantity in the country. For this, the Government is procuring largest chunk of the N-95 Masks directly from the manufacturers/ importers/ suppliers at bulk rates.

To address the issue of higher prices of the N-95 Masks, NPPA intervened to bring down the prices. In this regard, in order to ensure availability of N-95 Masks at affordable prices in the country, NPPA issued an Advisory on May 21st, 2020 to all the manufacturers/ importers/ suppliers of the N-95 Masks to maintain parity in prices for non-government procurements and to make available the same at reasonable prices. Further, NPPA submitted before Hon’ble High Court of Bombay on the plea of bringing price cap on the N-95 Masks that looking to the mismatch in the demand-supply of N-95 Masks in the country, NPPA advised manufacturers/ importers/ suppliers to bring down the prices voluntarily.

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The Government has notified N-95 Masks as an essential commodity under the Essential Commodities Act, 1955 by the Government vide Notification dated 13th March 2020. Thus, hoarding, black-marketing of the essential commodity is a punishable offense under the Act. To keep a check on the hoarding, black-marketing of the essential commodity, NPPA in the exercise of the powers conferred under National Disaster Management Act, 2005 had directed all States/ UT Governments to ensure sufficient availability of surgical and protective Masks, Hand Sanitizers and Gloves at prices not exceeding the Maximum Retail Price printed on the pack size vide Orders dated 13th March 2020.

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Edited By: Admin
Published On: May 26, 2020