Egypt’s Eastern Company plans to raise cigarette prices further ...Egypt

EGYPT INDEPENDENT - News

The Managing Director of the Eastern Company for Tobacco, Hani Aman, announced that the company is considering raising cigarette prices to a level below the maximum allowed. Aman said in a statement that the prices of Cleopatra cigarettes have been increased to LE 34.7 from LE 31, with an excise tax of LE4.5 per pack. The prices of mid-range cigarettes have been increased from LE 34.8 to LE 50.40, from a previous range of LE 31 to LE 45. Why are cigarette prices in Egypt on the rise? Aman explained that the increase in cigarette prices is due to the increase in the exchange rate of the dollar from LE31 in government banks to LE47 in government and private banks. He called for opening the i

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Last updated : 04 April 2024 clock 03:46 PM

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Egypt’s Eastern Company plans to raise cigarette prices further ...Egypt

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