Prices of alcohol will increase by 40%

18 June 2015 11:04  115101461 0102481
Prices of alcohol will increase by 40%

The Cabinet decided to increase the minimum wholesale and retail prices of alcoholic beverages in two steps by 25-40%.

The corresponding decision was taken at the Cabinet meeting on June 17, the "Apostrophe" reported.

Thus, the price of the cheapest vodka could rise from 40 UAH to 55 UAH, whiskey - from 88.5 UAH to 109 UAH, cognac - from 59 UAH to 84 UAH. Wine will rise from 20 to 27 UAH per bottle.

According to the draft resolution adopted by the Government at the meeting on June 17, the minimum wholesale and retail prices of alcoholic beverages will be increased in two steps.

The document comes into force 10 days after its publication in the newspaper "Uryadovy Kuryer", and on the first stage defines the minimum prices until August 30, on the second stage - starting from September 1. 

According to the explanatory note to the document prepared by the Ministry of Finance, the current minimum prices were introduced in June 2014 and now their amounts, given the increase in inflation and devaluation of the hryvnia, do not correspond to the real costs of production and trade of alcoholic beverages.

Minimum prices "do not reflect the increase in excise tax rates, energy prices, raw materials and other price components," the explanatory note states.

As reported, the Cabinet has prepared a project to raise excise taxes and duties to make up for inflation rate.

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