Tobacco manufacturers say why they raised cigarette prices

Head of Corporate Communications British American Tobacco Ukraine Andrew Krill commented about the fact that the major cigarette manufacturers are not waiting for the decision of the President, increased from November 1, the maximum retail prices for some brands of cigarettes.
"From November 1, the company actually declared the new maximum retail prices of some (but not all) of our brand," - he said.
Krill explained that taking such a decision, the company has tried, as far as possible, take into account the purchasing power and pricing factors such as excise tax, the cost of production, exchange rate fluctuations, inflation, etc.
"I want to emphasize that the proposed date of entry into force of the new excise tax rates set by Parliament in clear violation of Ukrainian legislation (excise rates will take effect from the date of official publication of the law that completely contradicts the requirements of Ukrainian legislation on the taxation system and is a glaring precedent)," - said he.
This decision continues to Krill, Parliament has put manufacturers in the extremely difficult conditions, when the existing order of declaration of prices would not give the possibility to display the new excise rates in current prices.
"In these circumstances, our decision to increase from November 1, the price of some brands was a balance between the commercial nature of the activities of our company, like any other business, and our desire to satisfy consumer expectations," said a representative of one of the largest tobacco producers in Ukraine.
As reported, according to the State Tax Administration, the largest cigarette manufacturers are not waiting for the decision of the President, raised from November 1, the maximum retail prices for some brands of cigarettes.