icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
4 Dec, 2006 10:54

Excise duty change boosts cigarette prices

Excise duty change boosts cigarette prices

Cigarette prices in Russia have jumped by an average of 15 % as the two biggest players – British American Tobacco and Phillip Morris – decided to raise shop prices.

The move anticipates an increase in tobacco excise duty that comes into force next year. The excise rate will be based on retail instead of the wholesale price. Producers will be allowed to change prices once a month, and the current increase covers the whole of January.

Podcasts
0:00
23:13
0:00
25:0