2023-08-01 11:20:00
The crisis of high prices of smokes, especially cigarettes, both popular and foreign, is still the subject of controversy and discussion among companies, merchants, and smokers, who have complained about abnormal increases in the prices of some types.
Market prices of cigarettes
Cigarette prices move
For his part, news spread during the past few hours on social media about the Eastern Tobacco Company moving the prices of cigarettes it produces by 3 new pounds, especially with the increasing burdens.
The Eastern Tobacco Company denied the news that was circulated during the previous period, stressing that what was circulated on social media regarding raising three pounds on the can as a tax, starting from the first of August, is incorrect and fake news.
In a statement, the Eastern Company called for the necessity of adhering to the official statements issued by the company, especially those related to products, and not being led by rumors and false news, while maintaining legal measures against the promoters of such news.
The company confirmed that the prices of its cigarette products have not changed, according to the latest prices announced by the company, which include: the most widely used Cleopatra cigarettes, which are currently priced at 24 pounds per pack.
In its statement, the Eastern Company recommended the need to use the special codes for its products printed on all cigarette packs to inquire about the selling price to the consumer as it is the official and correct price, and that the prices circulating in the market are unofficial prices.
A number of merchants tended to raise the prices of local cigarettes in retail stores, by rates that exceeded 100%, especially the prices of Cleopatra cigarettes, after news of the depletion of stocks of local cigarettes, due to the lack of heated tobacco.
Cleopatra cigarettes
Cleopatra cigarette prices
The price of Cleopatra cigarettes increased, during the recent period, by more than 27 pounds, equivalent to more than 100%, so that the package now records 52 pounds, although its official price in the company does not exceed 24 pounds.
The prices of local cigarettes today, according to the Eastern Tobacco Company, are as follows:
The price of a box of 10 is about 15 pounds. The price of a box of Boston / Belmont is about 24 pounds. The price of a box of Cleopatra king size is about 23 pounds. The price of a box of Cleopatra Soft Queen is about 24 pounds. The price of a box of Cleopatra 20 is about 24 pounds. The price of a Cleopatra Super bottle is about 24 pounds. The price of a Cleopatra black bottle is about 24 pounds. The price of a Matossian Super bottle is about 24 pounds. The price of a Viceroy / Pal Money bottle is about 23 pounds. The price of a Mondial package (red – blue – silver) is about 24 pounds. EGP 24. The price of a Mondial Switch package (menthol – blueberry) is about EGP 24.
While foreign cigarette prices were recorded today, according to Philip Morris:
The price of a Merit pack of all kinds is EGP 64. The price of a pack of Marlboro of all kinds is EGP 59. The price of a pack of Marlboro Crafted of all kinds is EGP 49. The price of a pack of LM of all kinds is EGP 42. The price of a pack of HEETS heated tobacco Selections of all kinds are 50 pounds. The price of a HEETS Dimensions heated tobacco package of all kinds is 50 pounds. Cigarette prices in the market
Market prices of cigarettes
With the escalation of the price hike crisis, consumers accused the Eastern Tobacco Company of causing the price increase, while the latter held wholesalers responsible for causing the price hike, given that the product goes through about 5 stages from distributors starting from major contractors dealing with the company to the retailer, where responsibility ends. The company when delivering the quantities to the contractors of the first stage of distribution according to the official prices, while the prices are manipulated by the dealers of the subsequent stages of distribution.
On the other hand, merchants confirmed that the company is responsible for exporting that idea to the street, and that the company sells to merchants at undisclosed prices, and that the company is the only one that can solve the crisis in the event of distribution to stores at the officially announced price, amid expectations that prices will be relatively stable during the current period and not decrease for what It was before the crisis.
For his part, Ibrahim Imbaby, head of the Tobacco Division at the Federation of Industries, said that what the prices of cigarettes are currently witnessing is tantamount to a crisis, explaining that LM cigarettes have risen to 75 pounds per pack, although their official price does not exceed 52 pounds.
Imbaby explained that there is a crisis in cigarettes that started since the Minister of Finance submitted to Parliament an amendment to taxes on smoking, to increase the target of the proceeds from the sale of cigarettes and honeys by 6 billion pounds.
The head of the Tobacco Division at the Federation of Industries continued that merchants store cigarettes, which caused a state of scarcity in supply, which led to each merchant setting the price he wanted without the government taking anything, indicating that a pack of Kilpatra cigarettes had a price of 24 pounds, while merchants sold them for 55 pounds.
1690894821
#pounds #increase #box..Did #Eastern #Tobacco #move #prices #cigarettes