Eastern Tobacco Company Denies Price Increase Amid Disappearance of Cigarette Brands
In response to the recent disappearance of certain cigarette brands from the Egyptian market, Hani Aman, the Managing Director and Chairman of the Board of Directors of the Eastern Tobacco Company, has addressed the issue. During a telephone conversation with journalist Muhammad Ali Khair, presenter of the Al-Masry Afandi program, Aman clarified that the cigarette sector has not raised prices.
Aman emphasized that the prices of cigarettes remain unchanged, and the company sells them to merchants at the same official price throughout Egypt. He further explained that a pack of Cleopatra cigarettes, along with all other types, is priced at 25 pounds. However, he acknowledged the existence of a black market for cigarettes, where the price of a pack has reached 40 pounds.
Highlighting the annual anticipation of a rise in cigarette prices by merchants, Aman, Chairman of the Board of Directors of the Eastern Tobacco Company, expressed his concern over the recent price hikes. He stated that merchants preemptively increased prices in anticipation of a potential rise, which he deemed as abnormal.
The Eastern Tobacco Company, one of Egypt’s leading tobacco manufacturers, is committed to maintaining stable prices for its products. Aman’s remarks aim to reassure consumers and address the concerns surrounding the disappearance of certain cigarette brands from the market.
As investigations continue into the reasons behind the disappearance of these cigarette brands, the Eastern Tobacco Company remains dedicated to providing affordable and accessible tobacco products to the Egyptian market.
Despite the disappearance of certain cigarette brands from the market, how does Eastern Tobacco Company assure consumers that there has been no price increase
Eastern Tobacco Company Denies Price Increase Amid Disappearance of Cigarette Brands, Assures Consumers
The Eastern Tobacco Company has responded to the recent disappearance of cigarette brands from the Egyptian market, assuring consumers that there has been no price increase. Hani Aman, the Managing Director and Chairman of the Board of Directors of the company, addressed the issue during a telephone conversation with journalist Muhammad Ali Khair.
Aman clarified that cigarette prices have not been raised by the industry. He emphasized that the company continues to sell cigarettes to merchants at the same official price nationwide. Aman stated that a pack of Cleopatra cigarettes, as well as other brands, is priced at 25 Egyptian pounds. However, he acknowledged the existence of a black market where prices exceed the official rate, reaching 40 pounds per pack.
Expressing concern about the recent price hikes in anticipation of a potential increase, Aman deemed this behavior abnormal. He highlighted that merchants preemptively raised prices, despite no official announcement regarding a price hike.
The Eastern Tobacco Company, a leading manufacturer in Egypt, emphasized its commitment to maintaining stable prices for its products. Aman’s remarks aim to reassure consumers and address concerns surrounding the disappearance of certain cigarette brands from the market.
While investigations into the reasons behind the vanishing cigarette brands continue, the Eastern Tobacco Company remains dedicated to providing affordable and accessible tobacco products to the Egyptian market. Consumers can trust that they will not face an unexpected price increase from the company.
