New Delhi, Feb. 1 -- Cigarette prices have risen by at least Rs.22 to Rs.25 for every 10-stick pack following the activation of extra excise duties on Sunday.
High-end cigarettes measuring 76 mm will now see price increases of Rs.50-55 per 10-stick pack, varying by brand. While producers have not yet released updated MRP labels, suppliers have started invoicing existing inventory to shopkeepers with a 40% GST rate, according to news agency PTI, citing wholesale distributors.
With wholesale hubs closed on Sunday, distributors anticipate that new inventory reflecting updated MRPs will be moved starting Monday.
A pack of Wills Navy Cut (76 mm), a widely consumed mid-sized brand currently retailing at Rs.95, is projected to reach approxima...
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