In order to deal with the shortage of medical oxygen and the resultant increase in prices in the country, the National Pharmaceuticals Pricing Authority (NPPA) has put a cap on the ex-factory price of liquid medical oxygen (LMO) and filled cylinders for six months.
It has also instructed the states to fix transport costs for the supply of medical oxygen to address COVID-19 exigencies.
The ex-factory price of LMO at the manufacturers` end has been capped at Rs 15.22 per cubic metre, exclusive of GST, while the ex-factory cost of a medical oxygen cylinder has been capped at the fillers` end at Rs 25.71 per cubic metre, exclusive of GST, as against the existing ceiling price of Rs 17.49 per cubic metre.
However, it is subject to the transportation cost fixation at the state level.
The move by the NPPA comes after a three-fold increase in the price of medical oxygen…