Liquor lovers in Punjab are going to get a big shock. Liquor may soon become expensive in Punjab. The Punjab government has started drafting the new excise policy for the financial year 2025-26. This time the price of liquor may increase in the state. The government can increase the prices of foreign and domestic liquor by 5 to 10 percent.
Draft of new excise policy ready
Along with this, bar license fees can also be increased. The Punjab government had set a target of revenue collection of Rs 10,350 crore this financial year. So far 80 percent of its work has been completed. To improve the financial condition of the state, the government is going to increase revenue through excise policy in 2025-26. The current government of Punjab has not increased the prices of liquor yet. Last time also the prices of foreign liquor were reduced.
The policy will remain in force till June 11, 2025
Let us tell you that the consultants appointed to improve the financial condition of the state have offered a slight increase in the prices of liquor to the Finance Department. At the same time, suggestions have also been sought from the liquor businessmen of Punjab for this. The suggestions of the liquor businessmen will be discussed on December 24. The current excise policy will remain in force till June 11, 2025.