According to an order issued by the head of the Ministry of Finance, prices for tobacco products are slated to rise to 820 tenge from July 1st onwards. The directive was published on the Open Legal Entities portal.
The document specifies, “To approve minimum retail prices for 20 cigarettes with filter, without filter, cigarettes, cigarillos, and heated tobacco products in the amount of 820 tenge from July 1, 2024, to December 31, 2024, inclusive, and 870 tenge from January 1, 2025.”
This marks a significant increase from the previously approved minimum price of 770 tenge for 20 cigarettes, which has been in effect since January of this year. Additionally, as of January 1st, the excise tax rate on tobacco products surged by 12.8% compared to the previous year.
Amidst an inflation rate of 9.3% in February, as reported by the Bureau of National Statistics, the Atameken NPP has proposed the hike in minimum retail prices for a pack of 20 cigarettes.
