BAT Malaysia increases price of cigs after excise hike

  • Nation
  • Wednesday, 04 Nov 2015

PETALING JAYA: British American Tobacco Malaysia (BAT Malaysia) has raised the prices of its cigarettes following the increase in excise duties of more than 30%.

The new cigarette prices, effective today, are as follows: Dunhill range (RM17.00); Kent (RM17.00); Benson & Hedges (RM17.00); Peter Stuyvesant (RM15.50); Pall Mall (RM15.50); Lucky Strike Plain (RM17.50) and Shuang Xi (RM18.00).

Following the cigarette excise hike, BAT is increasing its cigarette prices, taking into consideration the sum mandated by the excise increase and its impact on GST and inflationary cost pressures, said managing director Stefano Clini in a statement.

He said the tobacco industry had already been hit by a huge 12% increase in cigarette excise just a year ago on Nov 1, 2014.

The 2014 hike was then followed by the implementation of the Goods and Services Tax (GST) at 6% beginning April 1 this year.

“The legal tobacco market has declined by 10% on a September year-to-date basis. This extreme hike in cigarette excise done against the backdrop of both weakened economy and consumer sentiments will definitely fuel further an already high level of illegal cigarettes, where one in three packs is illegal.

“We cannot imagine the impact that this more than 40% increase in excise will have on the industry,” he said, adding that the move will result in more illegal cigarettes flooding the market.

The giant tobacco company also expressed its “extreme disappointment and shock” at what it described as an unprecedented massive increase in excise duties.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Nation

Johor International Islamic and Halal Festival attracts nearly 100,000 visitors
PJMKM helps SME traders to revive business
Muda area gears up to face La Nina
Man nabbed with ketum water, leaves in Taman Setapak
Malaysia has played active ICAO Council role since 2007, says Dr Wee
Nine million illicit cigarettes seized by Johor Customs
S'wak Govt establishes agency to further generate income in Betong
Jobless man nabbed for shoplifting in Ampang
Consider people's interests before dissolving Parliament, says Ahmad Faizal
Cops seeking Rembau man to help in Datin murder probe

Others Also Read