ITC to raise cigarette prices by up to 13%
Wednesday, February 22, 2017, 10:32 AM
ITC Ltd is set to hike prices of its leading cigarette brands, India Kings, Classic and Gold Flake, by 11-13%. The increase in cigarette prices was anticipated as the budget had proposed hiking the excise duty on cigarettes between 2.5% and 6%. According to retailers, packs with revised prices will hit retail stores this week.