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Sunday, October 3, 2010

Cigarette prices to go up tomorrow


PETALING JAYA: Cigarette prices are expected to go up tomorrow by 70 sen for a pack of 20 sticks.

According to a report by a Chinese daily, most 20-stick packs, which is currently sold at RM9.30, will cost RM10.

Quoting sources, the daily reported that the 70 sen increase is one of the highest in recent history, with previous hikes being between 10 and 30 sen.

Packs of high-grade cigarettes are expected to cost as much as RM14.

A source predicted that the price hike would cause cigarette sales to drop by 10%.

courtesy of Star

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