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Egypt's national cigarette company halts price rises

Eastern Company backtracks on recent decision to increase price of five locally produced cigarette brands

Ahram Online, Wednesday 9 Jan 2013
Tobacco
Inside Eastern Tobacco Co. (Photo: Al-Ahram Arabic)
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Egypt's cigarette monopoly, Eastern Company, has reversed its decision to raise the price of five of its second-tier cigarette brands.

On Tuesday, the publicly owned company announced price hikes of between LE0.25 and 0.75 (roughly $0.04 to 0.12) per pack.

The brands affected were Boston, Florida, Light, Belmont and Cleopatra.

Cleopatra, Eastern Company’s most popular product, costs LE6.50 ($1) per pack.

 

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