The Ministry of Finance announced an increase in duties on all types of liquor, effective from midnight today (January 10).
According to media reports, the price of liquor is expected to increase by 5% to 6% as a result of the tax hike. However, the revised retail prices for liquor products have yet to be officially released.
This adjustment is part of the government’s ongoing efforts to boost revenue and manage economic challenges. Further updates are expected once the new prices are officially announced.
