Thiruvananthapuram: The state has raised the prices of foreign-made liquor and wine. Companies are now required to pay a 14 percent warehouse margin to the Beverages Corporation. Additionally, there is a 20 percent increase in the shop margin.
The margin will be charged at the same rate for both liquor and wine manufactured abroad. Previously, the warehouse margin was set at five percent for foreign-made liquor and 2.5 percent for wine.
The shop margin was previously charged at three percent for some products and five percent for others. With the significant increase in both margins, prices are expected to rise substantially. Currently, foreign-made liquor is available in the state, with prices starting at Rs. 1,800. Following the margin increases, liquor and wine will no longer be available for less than Rs 2,500.