Increased Confusion and Instability in the Cigarette Market: The Controversy of Price Changes and Shortages

A state of confusion and instability prevailed in the cigarette market, after some companies announced that they would raise cigarette prices, then retracted the decision to increase them hours later, which caused a state of controversy in the market, in light of the absence of many types of cigarettes in shops and kiosks.

The Tobacco Division explained this by saying that there are some merchants who monopolize cigarettes and are waiting to announce the imposition of new taxes and price increases to achieve the highest profit.

High cigarette prices

The Tobacco Division of the Federation of Industries confirmed yesterday, Sunday, that Philip Morris has decided Cigarette price increase At a value of 5 pounds in several items, including Marlboro and Merritt, and an increase of 3 pounds in LM cigarettes, but hours after making the decision to increase cigarette prices, Philip Morris retracted the price hike, and postponed the price increase until further notice.

The company added, that the decision to withdraw from the lift Cigarette pricesAnd the continuation of the old prices, due to the waiting for the imposition of value-added tax, and the following prices were approved:

The price of Merritt cigarettes of all kinds is 59 pounds. The price of Marlboro Red cigarettes is 54 pounds. The price of Marlboro Gold cigarettes is 54 pounds. The price of Purple Mix cigarettes is 54 pounds. The price of Marlboro Crafted cigarettes is 44 pounds. The price of LM Red cigarettes is 39 pounds. The price of LM Blue cigarettes is 39 pounds. LM Silver cigarettes are 39 pounds.The price of LM Forward cigarettes is 39 pounds.

Popular cigarette prices

As for Cigarette prices otherThen came the last list announced by the Eastern Tobacco Company – Eastern Company – Thursday, April 6, and the list of cigarette prices came as follows:

The price of a box of cigarettes ranges between 10 to 15 pounds. The price of Cleopatra king size cigarettes is 23 pounds. The price of Cleopatra soft queen cigarettes is 24 pounds. The price of medium / Blument cigarettes is 23 pounds. The price of a box of cigarettes ranges between 20 to 24 pounds. The price of Cleopatra Super cigarettes is 24 pounds. The price of Mondial cigarettes “Red – Blue – Silver” is 24 pounds. The price of Mondial Switch cigarettes “Menthol – Blueberry” is 24 pounds. The price of Cleopatra Black cigarettes is 24 pounds. The price of Matossian Super cigarettes is 24 pounds. The price of Viceroy/Pal Money cigarettes is 23 pounds.

Prices of imported cigarettes

For its part, Japan Tobacco International (Japanese GTI) in Egypt announced an increase in the prices of cigarette products. The new prices are as follows:

The price of Winston Red cigarettes is 35 pounds. The price of Winston Blue cigarettes is 35 pounds. The price of Winston Silver cigarettes is 35 pounds. The price of Winston Cast cigarettes is 35 pounds. The price of Winston Blueberry cigarettes is 35 pounds. The price of Yellow Camel cigarettes is 40 pounds. The price of Blue Camel cigarettes is 40 pounds. The price Camel cigarettes I had enough for 43 pounds.

Reasons for raising cigarette prices

Ibrahim Imbaby, head of the Tobacco Division at the Federation of Industries, said that cigarettes are sold according to the type of customer, pointing out that chaos has hit the pricing of cigarettes in the kiosks, during the recent period, as each kiosk sells cigarettes at a price according to the buyer’s body, as a pack of cigarettes is sold for 100 pounds to a customer. It is sold to another customer for 24 pounds.

Imbaby confirmed, during media statements, that the local markets are witnessing a crisis in the high prices of some types, and the disappearance and shortage of others, accusing merchants of causing the crisis, as a pack of Cleopatra cigarettes is currently sold for about 45 pounds, and its real price is 22 pounds, which is more than double. Merit to 75 pounds, and the official price is 49 pounds.

And she asks the head of the tobacco division, about the reason for allowing merchants to seize citizens’ money, indicating that the decision to raise prices and taxes is supposed to be announced, so that the price calms down in the markets, because the amount of the new increase after imposing the tax will be from 2 to 3 pounds, while Prices are jacked up to over 10 pounds a box.

He concluded his statement by saying: The Eastern Tobacco Company loses as a result of the dollar price difference, calling on Prime Minister Dr. Mustafa Madbouly to open the way for the Eastern Company to import tobacco.

Cigarette prices
2023-07-17 11:49:00
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