Alcohol price raised

Alcohol price raised

JAKARTA (JP): The government will raise, beginning next month, the basic price for the collection of the excise tax on purified alcohol to Rp 1,100 from Rp 800 per liter.

The Ministry of Finance announced yesterday that the raise will be made because the present basic price of the purified alcohol is too low as compared to its market price.

The price of the purified alcohol at the distributor level reaches Rp 2,000 per liter at present, much higher than their basic price of Rp 800 per liter.

Indonesia's purified alcohol production increased to 95.7 million liters in 1993-94 fiscal year from 94.5 million liters in 1992-93 and around 94.2 million liters in 1991-92.(hen)