No Price Hike for Beer: Telangana CM
Deccan ChronicleHyderabad: Chief Minister A. Revanth Reddy has rejected the demand of beer companies for an increase in beer prices by at least Rs 10 per bottle. Though the state government had previously set up a Price Fixation Committee to review prices, official sources said Revanth Reddy is firm on his stand against what he called “arm-twisting tactics” from beer manufacturers. In a letter dated November 10, BAI director general Vinod Giri stated that production costs had risen by 35-40 per cent, but the government has not yet approved a price adjustment to reflect these increases. The association further stressed that Telangana’s beer prices are 30-50 per cent lower than those in neighbouring states, making it financially unsustainable for companies to operate in the state. They proposed that the government either allow free pricing, as practised in states like Karnataka and Maharashtra, or at least adjust beer prices in line with inflation, using benchmarks like WPI to ensure price adjustments are made automatically.