Sri Lanka, March 27 -- Colombo, March 27 () - The present widely spread rumour about slashing of liquor prices for the upcoming Sinhala and Tamil New Year has no basis in it, the Department of Excise said today.

Excise Spokesperson Channa Weerakkody said news is currently circulated in the media about the excessive prices of liquor owing to the higher Excise tax imposed on them would be reduced in order to get the prices of liquor slashed.

He said the Excise Department has not received any order or instruction from its competent authority the Ministry of Finance to amend the Excise tax on liquor thus the prices of liquor will not be reduced.

Therefore, the news on reduction of liquor prices is false and baseless, Excise Commissioner Re...