Slight hike in price of essential medicines from April 1
A slight hike in the price of essential medicines, such as painkillers, antibiotics, and anti-infectives, is set to take place on April 1st, in line with the change observed in the Wholesale Price Index (WPI) between 2022 and 2023.
Through a recent notification, the National Pharmaceutical Pricing Authority (NPPA) has declared to permit the pharmaceutical sector to increase the Maximum Retail Price (MRP) of scheduled formulations by approximately 0.00551% at the start of the fiscal year 2024-25, considering the change observed in the Wholesale Price Index (WPI) between 2022 and 2023.
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