Tuesday, October 27, 2020

NPPA caps value of Liquid Medical Oxygen and Medical Oxygen cylinders as COVID-19 circumstances rise

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New Delhi: To regulate the value of Liquid Medical Oxygen and Medical Oxygen cylinders for continued availability throughout the nation in the course of the COVID-19 pandemic, the National Pharmaceutical Pricing Authority (NPPA) on Friday has stepped in to place a cap on the costs of the identical.”To cap the ex-factory price of Liquid Medical Oxygen (LMO) at manufacturers end at Rs. 15.22/CUM exclusive of GST; and to further cap the ex-factory cost of Medical Oxygen Cylinder at filler end at Rs. 25.71/CUM exclusive of GST in the suppression of the existing Ceiling Price of Rs. 17.49/CUM, subject to transportation cost fixation at the state level, for six months,” mentioned the Ministry of Chemicals and Fertilizers within the official launch.
The launch mentioned the prevailing fee contracts of state governments for oxygen buy, as relevant, shall proceed, in shopper curiosity. “The ex-factory price cap of LMO and oxygen gas cylinders will be applicable to domestic production,” it mentioned.
Live TV As per the Ministry, the measures will guarantee the provision of medical oxygen at shoppers finish at an affordable value each on the hospital stage and thru oxygen cylinders, particularly to distant and inside districts.
It added that the current scenario of COVID-19 has resulted in elevated demand of medical oxygen within the nation, however as a result of absence of a value cap on liquid medical oxygen, producers have hiked costs to fillers. “Price regulation at this end is imperative for the continued availability of medical oxygen across the country,” it mentioned.
The Ministry mentioned that to deal successfully with the scenario, the Ministry of Health and Family Welfare (MOH&FW), has vided its letter dated September 23, conferred the delegation of powers underneath Section 10(2) (l) of the Disaster Management Act, 2005 to NPPA to take all mandatory steps to instantly regulate the provision and pricing of LMO and Medical Oxygen within the cylinder. 

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