Turkey: Philip Morris announces cigarette price hike after recent tax increase

Philip Morris has become the first company to announce cigarette price hikes after recent tax hikes introduced by the Turkish government.Tobacco producer Philip Morris/Sabancı announced yesterday an increase of one Turkish Lira in the retail prices of all their products regardless...
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Turkey: Philip Morris announces cigarette price hike after recent tax increase



Balkans.com Business News Correspondent - 03.01.2013

Philip Morris has become the first company to announce cigarette price hikes after recent tax hikes introduced by the Turkish government.
Tobacco producer Philip Morris/Sabancı announced yesterday an increase of one Turkish Lira in the retail prices of all their products regardless of their previous prices. With the hikes, the price of a pack of cigarettes that had cost eight liras is now nine liras, while a pack that had previously cost five liras will now be six liras, Hurriyet Daily News report. 

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