Whisky prices set to increase in Chandigarh region of India

Trade News, Uncategorized

Prices set to increase in Chandigargh

Whisky prices are set to rise in the Chandigarh region of India following a price hike by the UT administration, says a report.

The move, which comes in to force on May 1, is predicted to see vendors add on an additional 20-25 per cent to every bottle of whisky sold, says the Times of India.

The vendors say that they have no other option but to increase liquor prices to recover their costs.

Manvinder Singh, a vendor, is quoted as saying: ”We have bought this vend for such a high price because the vend is situated near the ISBT-43.

“Situated on the border of Mohali, this vend has been recording high sales as people coming from outside take loads of liquor stocks on their way back home.

“We would definitely hike the liquor rates by 20-25% to recover the heavy investment we have made.”

However, a senior official from the UT excise and taxation department said: “From this year, we have limited the liquor quota of a vend to 52 cases per day.

“In that situation, no vendor would be able to spare additional liquor for other states.

“The price of liquor under the new policy would be decided by the new vendors as there is no restriction on the maximum rate of liquor but they should not go over board.”

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