India said on Saturday it was capping the price of liquid oxygen used to treat victims of novel coronavirus and other respiratory diseases after complaints of hoarding and shortages, as total covid infections hit 5.9 million countrywide.
“Due to the absence of a price cap on liquid medical oxygen, manufacturers have hiked prices to fillers,” the government said in a statement, referring to off-takers such as hospitals and clinics which use the oxygen.
To ensure that the oxygen is available at reasonable rates, the government has capped manufacturers’ prices at 15.22 rupees per cubic metre , the statement said. Prices of a cubic metre of medical oxygen delivered by cylinder to end-users has been fixed at 25.71 rupees, higher than the previous ceiling price of 17.49/CUM.India’s demand for medical oxygen has increased by almost four times to 2,800 tonnes a day, straining production and supply, the statement said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'So many bodies,' says ambulance driver as India struggles to stem COVID-19 death toll'I lost my mother because no ambulance came on time to attend to her. The helplessness I felt, I don't wish that on my worst enemy.'
Read more »
Let’s not lose our 3rd chance to contain COVID-19: OPINIONWith the fight against COVID-19 heading in the right direction, we have a brief moment in time to take advantage of our progress and build momentum against the virus.
Read more »
Trudeau warns Covid-19 second wave already happening in CanadaCanadian Prime Minister Justin Trudeau said Wednesday that a second wave of the coronavirus is already underway in most of Canada
Read more »
U.S. House Democrats crafting new $2.2 trillion COVID-19 relief packageDemocrats in the U.S. House of Representatives are working on a $2.2 trillion coronavirus stimulus package that could be voted on next week, a key lawmaker said on Thursday, as House Speaker Nancy Pelosi reiterated that she is ready to negotiate with the White House.
Read more »
Why governments get covid-19 wrongSocieties have the tools to control the disease today. Yet, in the basics of public health, too many governments are still failing their people
Read more »
Novavax initiates late-stage COVID-19 vaccine trial in UKNovavax Inc on Thursday started a late-stage trial of its experimental COVID-19 vaccine in the United Kingdom in partnership with the government's Vaccines Taskforce, sending the company's shares up 6% after the bell.
Read more »