New Delhi: The good news is that liquor will be available at the new stores soon. The bad news? Prices are likely to go up by up to 9%. Delhi government’s excise department is in the process of fixing the maximum retail prices of brands and these will be calculated according to the formula under the new excise policy.
A liquor trader, associated with an alcohol sellers’ association, said the increase in the wholesale price will lead to 510% increase in the retail prices. An excise department official, however, asserted that the retail price may not increase due to market competition and the discounts that stores can give to attract customers.
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