Tamil Nadu hikes liquor prices
The Tamil Nadu government on Wednesday hiked the prices of liquor by a maximum of Rs 20 per 180 ml bottle. The hike comes a day before the reopening of the liquor shops in the state. This is the second revision in the past four months. The present hike is expected to generate revenue to the tune of Rs 2,500 crore for the state government in the current financial year.
A statement issued on Wednesday morning said the excise rates on Indian Made Foreign Liquor (IMFL) has been revised by 15%. Accordingly, the prices of 180 ml of a premium variety have been increased by Rs 20 and normal IMFL varieties have been by Rs 10 per 180 ml. It means tipplers need to shell out an additional Rs 40 to Rs 80 to buy a full bottle (750 ml).
The closure of Tasmac liquor shops has left the state government's coffers bleeding, costing a revenue loss of Rs 90 crore daily. The liquor outlets were shut on March 25 when the lockdown to combat Covid-19 came into effect.
So far, the state government has lost revenue to the tune of Rs 3,600 crore.