NPPA decides to cap price of ex- factory price of Liquid Medical Oxygen
National
- National Pharmaceuticals Pricing Authority, NPPA has decided to cap the ex- factory price of Liquid Medical Oxygen at manufacturers end at 15 rupees 22 paise per cubic meter exclusive of GST.
- The present situation of COVID-19 has resulted in increased demand of Medical Oxygen in the country.
- NPPA said, due to absence of price cap on liquid medical oxygen, manufacturers have hiked prices to fillers.
Source: AIR
Related General Knowledge
National Pharmaceutical Pricing Authority
- The National Pharmaceutical Pricing Authority (NPPA) is a government regulatory agency that controls the prices of pharmaceutical drugs in India.
- National Pharmaceutical Pricing Authority (NPPA) was constituted vide Government of India Resolution dated 29th August, 1997 as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers as an independent Regulator for pricing of drugs and to ensure availability and accessibility of medicines at affordable prices.
- Founded: 29 August 1997
- Headquarters: New Delhi
- Agency executive: Shubhra Singh (Chairperson)
- Parent agency: Department of Pharmaceuticals