The maximum retail price (MRP) of paracetamol products has been increased with the approval of the Economic Coordination Committee (ECC) of the Cabinet.
The Economic Coordination Committee (ECC) of the Cabinet met on Friday under the direction of Finance Minister Ishaq Dar.
The ECC reviewed the Ministry of National Health Services, Regulations, and Coordination’s summary of the maximum retail price (MRP) for paracetamol products and approved the DPC’s recommendation to raise the MRP. The price of a 500 mg plain paracetamol tablet was set at Rs. 2.67, and a 500 mg extra paracetamol tablet was set at Rs. 3.32.
Another ministry summary was taken into consideration by the committee, and it agreed to enable the MRPs for 18 new medications to be fixed by DPC’s recommendations. When compared to the costs of identical medications in nearby nations, particularly India, these 18 new pharmaceuticals are the least expensive.
The DPC’s suggestion to lower the MRPs of 20 medications was accepted by the ECC after it had also taken into account another ministry summary.
It is important to note that in October 2022, the government raised the cost of paracetamol. At that time, the cost of a 500 mg paracetamol tablet increased to Rs. 2.35, the cost of a 500 mg paracetamol extra tablet increased to Rs. 2.75, and the cost of the syrup increased to Rs.117.6.