Government of India
Ministry of Chemicals & Fertilizers
National Pharmaceutical Pricing Authority

19th Floor Jawahar Vyapar Bhawan,
Janpath, New Delhi-110 001
Dated : 24th May, 1999

Explanatory Note

The National Pharmaceutical Pricing Authority has revised/fixed the prices of 55 formulation packs on May 24, 1999. The prices have been fixed for the first time in the case of 16 formulation packs. In the case of 31 formulation packs, prices have been revised upward and the increase ranges between 0.23% to 17.32%. In the case of 8 formulation packs, the prices have been revised downwards and the decrease ranges between 0.13% to 2.09%. Of the 55 formulation packs, ceiling prices have been fixed in respect of 21 packs, while non-ceiling prices have been fixed in respect of the remaining 34 packs. The prices have been fixed/revised in accordance with the provisions of the DPCO, 1995 and as per the established criteria and guidelines. A copy of the statement showing the existing and revised prices is enclosed herewith.

The formulations for which prices have been revised/fixed consist of Insulins used for control/treatment of diabetes, Rifampicin based formulations used in the treatment of T.B., Ranitidine based tablets/ injections used in the treatment of ulcer, Disprin used for pain relief, Dicrysticin (Penicillin based formulation) a broad spectrum antibiotic, Basiton Forte used in deficiency of vitamins and Wysolone tablet used as Cortico steriod.

The prices fixed/revised would become effective within 15 days from the date of notification in the official gazette or the receipt of the order of the NPPA in this behalf, as per Para 14(1) of DPCO, 1995. Necessary revised price list is also to be issued by the manufacturers/importers required under sub paragraph (3) of paragraph 14 of the DPCO, 1995. Accordingly, the revised price list in Form-V of the DPCO is to be furnished by the concerned manufacturer to the government and NPPA, State Drug Control Authorities and distributors, wholesalers and retailers or any other agent. The manufacturers are also required to work out the prices of different pack sizes as the case may be in terms of S.O. No. 83 (E) dated 27.01.98.

(L. M. Kaushal)
Deputy Director