Minister suggests a price increase for alcoholic beverages

M V Govindan, the minister of excise, said the sharp rise in the alcohol production cost has prompted a price hike . The state does not produce spirit or liquor, and liquor production is also minimal .

Thiruvananthapuram: M V Govindan, the minister of excise, said here on Saturday that the government hasn't decided to raise liquor prices, but that the sharp rise in the alcohol production cost has prompted a price hike.The problem is that the price of spirits has skyrocketed dramatically.In the recent days, the price of spirit has increased by Rs 6 to Rs 7 per litre.After considering the real world, a decision would be made immediately.

To satisfy the demand, it is largely dependent on other states.The spirits company has suffered losses.According to him, the production of the well-known brand, Jawan, in the state has dropped due to a drop in spirit prices.According to the minister, there are no formal discussions required to consider the motivation for the price hike as the government is fully aware of the situation.

It isn't limited to the Jawan brand.To address such a situation, the government will need to take steps.According to the most recent analysis from the Bureau of Public Enterprises, the Kerala State beverages Corporation (BEVCO) has reported a revenue decrease of Rs 1,608.17 crore in 2020-21.The losses were however attributed to the outbreak of Covid-19, which forced the state-owned corporation to shut down its shops.