Beer Drinkers, You'll Have To Pay More For These Brands Starting 1 April
Prices will be increased up to 6.2%.
By Tamara Jayne — 13 Mar 2019, 11:54 AM
With effect from 1 April onwards, two popular brewers will be increasing its prices on beer and stout by up to 6.2%
According to The Edge Markets, Heineken Malaysia Bhd and Carlsberg Brewery Malaysia confirmed that the prices are set to rise in a report yesterday, 12 March.
The price hike is said to be a result of increasing costs in raw materials and packaging
It will be the first increase from the two companies since the reintroduction of the sales and service tax (SST) in September last year.
New Straits Times reported that the price adjustment for some Carlsberg products will be between 3% and 6.2%, while Heineken Malaysia's new prices will be between 0% and 5% per pack.
Nonetheless, the brewers reassured its customers that they have made every effort to reduce the impact of the new prices
"Whilst consumer sentiment improved in 2018, we are mindful of the impact of a price adjustment on sales. As such, we have done our best to keep the adjustment to be as minimal and least disruptive as possible," said Heineken in a statement to The Edge.
Meanwhile, Carlsberg's managing director Lars Lehmann told New Straits Times that they are "mindful of the impact of any price adjustment" and are keeping it at a minimum to ensure that "its products remain affordable" for consumers.