Eastern Tobacco Announces Cigarette Price Increases amid Egypt New Tax
Egypt’s cigarette monopoly Eastern Tobacco (EAST.CA) announced Monday that it modified cigarettes prices for local and imported cigarettes in accordance with the Egyptian President’s decree to issue new tax on cigarettes.
Egypt increased the sales tax on cigarettes by up to 120 % on Sunday as part of a series of measures to curb the budget deficit and reform the economy.
The company added, in a release sent to the Egyptian stock Exchange (EGX), that modification included the below mentioned brands:
|
Brand Name |
Sticks/Pack |
Old Price in EGP |
New Price in EGP |
|
Cleopatra Golden King |
20 |
6.25 |
7.50 |
|
Boston, Light, Florida, Hollywood, Bluemont, Capitol, and Mondial |
20 |
6.50 |
7.50 |
|
Cleopatra box (red, white, blue & silver) |
20 |
7.00 |
8.00 |
|
Super Star |
20 |
7.00 |
8.50 |
