Liquor prices to go up by 6% in Kerala from Aug 1
The Kerala government has decided to raise the prices of all Indian made foreign liquor (IMFL), except beer, by six percent from Aug 1, said an excise department official.
Thiruvananthapuram: The Kerala government has decided to raise the prices of all Indian made foreign liquor (IMFL), except beer, by six percent from Aug 1, said an excise department official.
"The last time there was an increase in liquor prices was in 2009. This time, however, there would be no increase in the price of beer," said an excise department official.
"Consequent to the rise of six per cent, the net effect would be a price rise of Rs.10-15," added the official.
The Kerala Bottlers and Distillers Federation (KBF) and Association of Distillers, Brewers and Vintners of India (ADBVI) had sought a flat 10 per cent hike.
Sales of liquor in the last fiscal crossed a record Rs.7,000 crore and the revenue to the state government by way of taxes crossed Rs.6,000 crore.
"We expect that this fiscal the sales of liquor will cross Rs.8,000 crore and the state exchequer will get more than Rs.7,000 crore. This new six per cent hike would give the distillers an additional Rs.43 crore and the state government an extra Rs.230 crore," said the official.