BAT has no plan to increase cigarette prices presently

Stoel: ‘We will not hike the price of cigarettes, but should the government impose another excise duty hike, then we will review this.’

KUALA LUMPUR: Malaysia’s leading tobacco player British American Tobacco (M) Bhd (BAT) has stressed that it has no plan to increase its cigarette prices for now.

With the challenging economic landscape still prevalent, managing director Eric Stoel said the government’s move to freeze further excise duty hikes this year was pertinent to assist in stabilising the tobacco industry and reducing contraband cigarettes in the market.