Jiji Press TOKYO (Jiji Press) — Philip Morris Japan K.K. said Tuesday it will raise the prices of all 86 cigarette products sold in the country on Oct. 1, when the tobacco tax is raised by ¥1 per cigarette.
The company will raise the price of a 10-cigarette pack by ¥20 and a pack of 19 to 20 cigarettes by ¥50. The price increase is subject to approval from the Finance Ministry.
For its flagship Marlboro brand, the price of most 20-cigarette packs will rise to ¥520 from the current ¥470.
The decision to raise cigarette prices higher than the tax increase comes after Philip Morris comprehensively assessed the market environment, the company said.