PETALING JAYA – After absorbing the cost of Goods and Services Tax (GST) for three months, British American Tobacco (BAT) Malaysia has decided to increase cigarette prices.
The increase, which will take effect today, will see prices of cigarette brands like Dunhill, Benson and Hedges, Pall Mall, Kent, Peter Stuyvesent and Lucky Strike raised by 30 sen (11 cents).
“The price revision is to take into account the GST. The company has been absorbing the GST subsequent to its implementation on April 1,” said BAT Malaysia managing director Stefano Clini in a statement.
After implementation of the GST, BAT announced a price increase of 50 sen for all its cigarette brands but on April 17, it reverted to pre-GST prices.
Read more:http://news.asiaone.com/news/malaysia/cigarette-prices-malaysia-go-11-cents
