Good news for drinkers, Govt reduce liquor price by 35-60 per cent

Punjab reduce liquor price: Punjab today rolled out the excise policy 2022-23, making liquor cheaper by 35-60 per cent. Good news for drinkers, Govt reduce liquor price by 35-60 per cent. The rates of Indian Made Foreign Liquor (IMFL) and beer will be marginally down beginning July 1 and the prices of some brands on a par with those prevailing in Chandigarh.

The rates will be 10 to 15 per cent lower than in Haryana. The aim is to stop liquor being smuggled into the state from both Haryana and Chandigarh. The rates of beer will vary between Rs 120 and Rs 130 per bottle against Rs 120-Rs 150 per bottle in Chandigarh.

The beer rate in Punjab currently is around Rs 180-Rs 200 per bottle. Similarly, the most widely consumed brand of the IMFL will cost Rs 400 in Punjab as against Rs 510 in Chandigarh. The bottle is at present available in Punjab at Rs 700.

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The Punjab Punjab reduce liquor price Government hopes to raise the excise revenue by 40 per cent on the assumption that the smuggling from Chandigarh and Haryana would end with the fall in the liquor prices. The state is hopeful that the new policy will take the revenue from Rs 6,158 crore in 2021-22 to Rs 9,647.85 crore in this fiscal.

The new liquor policy, the first by the Aam Aadmi Party government, has recommended several structural changes from the policies approved for the past several years. Instead of allotting liquor vends through a draw of lots, the state will auction these by inviting tenders.