The Finance Ministry today (03) announced an increase in excise duty for all varieties of liquor and cigarettes.
State Minister of Finance Ranjith Siyambalapitiya said that excise duty on all varieties of liquor, including wines, beer etc. will be increased by 20%.
He said that the excise duty for alcohol will be increased from midnight today (03).
Due to the 20% increase of Excise Duty on liquor, the prices of a bottle of 750ml Special Arrak will be increased by Rs. 206, locally brewed foreign liquor by Rs. 266, Beer (Vol. 4.8% – 625ml) by Rs. 21 & Beer (Vol. 8.8% – 625ml) by Rs. 39.
State Minister Ranjith Siyambalapitiya further said that the excise duty on cigarettes will also be increased by 20%.
He added that the excise duty for cigarettes will be increased with effect from the 1st of January 2023.
Rs.90 cigarette expected to cost Rs.105, Rs.85 cigarette expected to cost Rs.100, Rs.70 cigarette expected to cost Rs.80, Rs.60 cigarette expected to cost Rs.70, Rs.15 cigarette expected to cost Rs.24.(NewsWire)
