Eastern Company explains reasons behind tobacco price increase in Egypt
The CEO of the Eastern Company for Tobacco Products, Hani Aman discussed the increase in prices for the company’s products, implemented starting Saturday.
In a phone interview with TV host Amr Adib on the “al-Hekaya” (The Story) show, Aman assured that the increase in cigarette prices is very slight compared to the large increase in raw material prices.
He added: “We are not a very commercial company, otherwise we would have raised our prices by large proportions like other companies, but we look at the issue from a different point of view… Cigarettes are a strategic commodity.”
Aman denied the existence of a shortage in cigarettes, stressing that the company’s production is at normal levels, and assured that the company’s products are available everywhere.
That the company and official contractors sell cigarettes at official prices, he said, noting that 95 percent of cigarette components are imported and that the price of cigarette filters has increased by about 400 percent
Here are the new prices for cigarettes, according to what was approved by the Board of Directors of the Eastern Company in its meeting held on Thursday:
- Cleopatra Box (pack of 10 cigarettes) at LE 22.
- Cleopatra of various types (pack of 20 cigarettes) at LE 30.
- Mondial, Belmont, Boston of various types at LE 30.
- Viceroy/Pall Mall at LE 50.