Karnataka proposes to hike beer prices again; Second increase in four months
Bengaluru: Just days after raising diesel tax, power tariff, and milk prices, the Karnataka government has now proposed a hike in beer prices—the second time in four months.
The state government, in a draft notification, has proposed to increase the Additional Excise Duty (AED) on beer by 10 percent and this could lead to an increase in beer prices by up to Rs 50 per bottle, Deccan Herald quoted its sources as saying.
It has also decided to do away with a fixed Rs 130 excise duty for lower-end beers and going forward, 205 percent AED will apply to all beer brands.
“Beer prices in most of our neighbouring states are higher than ours. Hence, there was some potential to increase the revenue by increasing the prices,” DH quoted an official as saying.
However, the official noted that the government is unlikely to raise beer prices again in the near future, given the recent back-to-back hikes.
While the exact price hike will vary by brand, sellers believe it could lead to a drop in sales. According to a brewery owner from North Bengaluru, sales have already declined significantly due to the previous price hike. While beer sales are typically high during the summer, this year has seen a noticeable drop.
The excise department issued the draft notification on Tuesday, giving citizens seven days to file their objections.
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Bhadravathi: Man allegedly murdered when taking walk in Hosakoppa
Shivamogga: A 68-year-old man was allegedly murdered when he was taking a walk on the Government PU College Road in Hosakoppa village, Hole Honnur, in Bhadravathi taluk on Friday.
The deceased man, identified as Hemanna, is reported to have been attacked earlier too, but is learned to have had a narrow escape.
Hole Honnur Police, being informed of the incident, visited the spot and are learned to have conducted an inspection.
