The price of raw materials for the production of sachet water has increased and manufacturers and vendors have no choice but to pass the cost on to consumers as a sachet of Water will start selling for 30 pesewas instead of 20 pesewas.
According to the National Association of Sachet and Packaged Water Producers (NASPAWAP), the new rates will take effect from March 15, 2021.
In a statement, the National Executive Committee (NEC) of the Association announced, “NASPAWAP wish to inform the general public that 30p was announced in 2019 to be the proposed price for the iced sachet. The iced water retailers are encouraged to stick to the 30p price for the iced sachet.”
The organization blames the high cost of raw materials for their price hikes.
“Admittedly the price of materials and fuels have significantly gone up since NASPAWAP last announced a price review. For the 99% who are doing the right thing, NASPAWAP wishes to recommend the following to take effect from 15th March 2021,” it said.
The statement was signed by Mr. Magnus Nunoo, the National President of NASPAWAP.
The statement explained that the price mechanism includes a factoring of ex-factory and ex-truck prices of produced water.
“The public may be buying at 4.5 to 6ghc per bag from retail shops and marts depending on which location,” the statement said.
It pointed out that these price hikes will pervade the market because 99% of sachet water producers belong to NASPAWAP and are agreeable to the pricing.