Percentage change | Absolute change (Rs per pack, real values) | |||||
Premium % | Popular % | Economy % | Premium | Popular | Economy | |
Real retail prices | 54 | 47 | 29 | 74 | 57 | 31 |
VAT (15%) per pack | 54 | 47 | 29 | 10 | 7 | 4 |
Real excise tax | 47 | 47 | 47 | 31 | 31 | 31 |
Real net-of-tax prices | 62 | 47 | −15 | 33 | 18 | -4 |
Source: Authors own calculation based on real prices and taxes data.