Saturday, August 20, 2022
More
    - Advertisement -
    - Advertisement -
    BusinessHeineken increases beer price

    Heineken increases beer price

    Date:

    Following in the footsteps of BGI Ethiopia, Heineken Ethiopia started distributing its products with an increase on a crate of beer beginning yesterday, it was learnt.  The Reporter on Monday reported that BGI’s St. George beer is being distributed for 251 birr up from its original price of 214 birr.

    In the same manner, the same addition has been made by Heineken on its products beginning yesterday increasing the price of a crate of beer from 214`birr to 251 birr, according to customers.

    Three months ago, immediately after the devaluation, breweries in the country had introduced a price hike although dismissed by the Federal Consumers Protection and Trade Competition Authority as the increment was said to be unreasonable.

    The recent adjustment came because of the devaluation made three months ago as the breweries import some of their inputs from abroad. The increase in some of the inputs is also said to have triggered the recent hike.

    - Advertisement -

    Subscribe

    Popular

    More like this
    Related

    PP’s probe into uncharted ideological territory

    Three months ago, cabinet members of the Addis Ababa...

    Ethiopia could lose up to USD eight billion if Ukraine war continues

    -It could cost Ethiopia 7.6 percent of GDP in...

    Fed unveils new tax to finance conflict rehabilitation project

    Officials expect 19.5 billion birr from the new tax...

    To survive foreign competition, central bank governor suggests mandatory mergers, acquisitions

    The bankers' association is upset about the tax on...