Karnataka govt to slash liquor prices from THIS date? Here's why
By Vinaykumar Patil | First Published Aug 22, 2024, 1:48 PM ISTKarnataka will reduce liquor prices from September 1 to boost excise revenue and address higher costs compared to neighbouring states. The price cuts will apply to 16 slabs, making brands like Johnnie Walker and Royal Challengers more affordable, with a revised price list to be released.
In a major development for alcohol enthusiasts, the Karnataka state government has decided to reduce the prices of liquor starting September 1. This move aims to increase excise revenue and address the higher cost of liquor in the state compared to neighbouring regions.
The Excise Department has been instructed by the Chief Minister to lower liquor prices. This decision follows earlier proposals to reduce prices from July 1, which were stalled due to conflicts between liquor producers and the Excise Department.
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The reduction in prices is a strategic move to prevent revenue loss as border residents often cross into other states to purchase cheaper alcohol, resulting in a significant loss to the state exchequer. To counter this, the government has decided to cut the prices across 16 different slabs.
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The new prices, effective from August, will make expensive brands of brandy, whiskey, gin, and rum more affordable. An official revised price list for each brand will be released tomorrow, providing detailed information on the new rates.
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