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Egypt’s leading cigarette producers, Phillip Morris Egypt and Eastern Tobacco, announced price hikes to their products on 14 November amid rising production costs. Phillip Morris’s product line includes Marlboro, Merit, L&M, and HEETS. Marlboro of all types now cost EGP 69 (USD 2.23), Marlboro Crafted EGP 59 (USD 1.91), Merit EGP 74 (USD 2.39), L&M
Cigarette prices have risen in Egypt's local market by an average of three pounds per pack, according to the head of Chamber of Commerce's Tobacco Division Ibrahim Imbaby.
The head of Chamber of Commerce's Tobacco Division Ibrahim Imbaby revealed the expected new cigarette prices after the House of Representatives approved a draft law amending some provisions of the Value Added Tax Law to increase cigarette and tobacco taxes.
An ongoing tobacco shortage has left Egypt’s 18 million smokers stuck between record-high prices and an unrelenting nicotine dependency. The popular Cleopatra Box pack could be found at any vendor, smoking shop, or kiosk at the price of EGP 24 a few months back. Consumers report that the same pack of cigarettes today costs more
The Head of the Tobacco Division of the Federation of Egyptian Industries said some traders who are hoarding cigarette boxes to sell them at higher prices in the black market are behind current shortages