Economy, Domestic Economy
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Tobacco Prices to Rise

Tobacco Prices to RiseTobacco Prices to Rise

The government has proposed increasing  the prices of  domestic and foreign-made cigarettes by 20% and 40% respectively in its budget bill for next Iranian year (starting March 21), in an attempt to reduce cigarette consumption. This is while senior Iranian lawmaker, Gholamreza Kateb, believes the policy will not have the impact desired by the government. “Past experience shows that increasing  cigarette prices will only give rise to more smuggling,” he was quoted by ILNA as saying, adding:  “It may even encourage the use of narcotics by those who are looking for cheap products.”

Financialtribune.com