COLOMBO : The prices of liquor have been increased by approximately 6% following the hike in Excise Duty imposed on liquor with effect from Saturday, (January 11).
The Ministry of Finance has increased the excise duty imposed on liquor and cigarettes with effect from midnight on Friday (January 10).
Accordingly, President Anura Kumara Dissanayake, in his capacity as the Minister of Finance, Planning and Economic Development has directed the increase in excise duty on liquor with effect from January 11, 2025 by virtue of the powers vested in him by Section 22 of the Excise Ordinance (Chapter 52).
The prices of cigarettes have also been increased from January 11 in line with the increase in the Excise Duty imposed on cigarettes, according to the Ceylon Tobacco Company (CTC).
Accordingly, the prices of cigarettes have been increased under 4 categories by Rs. 05 and Rs. 10 per stick.
