Cigarette Prices to Increase 4.8% in October

By , 02 Sep 2020, 12:04 PM Business
Cigarette Prices to Increase 4.8% in October Wikimedia Lclevengerjr CC-SA-3.0

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STA, 2 September 2020 - The Finance Ministry has proposed a raising of excise duties that entails a 4.8% increase in the average price of a pack of cigarettes in October. The prices of other tobacco products will also go up, while heat-not-burn products and electronic cigarettes will not be affected. The rise is expected to bring in an additional EUR 18 million a year.

In line with the proposal, to be discussed by the government at one of its forthcoming sessions, excise duty per 1,000 cigarettes will increase from 114 to 120 euros.

The rise, expected to take effect on 1 October, will also affect cigarettes, cigarillos, fine-cut tobacco and other types of smoking tobacco. The duties for heat-not-burn tobacco and electronic cigarette will not change.

Excise duties for tobacco products last increased in June 2019.

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