Tobacco Prices Drop Following Duty Reduction
ADAdhadhu – 5 hours ago
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Prices of tobacco products have begun to fall in the market due to a reduction in duty. President Muizzu ratified a law reducing the duty on cigarettes from 50 percent to 30 percent. This change has led to a price drop for heated tobacco, from MVR 245 to MVR 140 per pack. The government stated the change aims to curb the black market for fake cigarettes and follows WHO recommendations.