Matchbox price to increase after 14 years
The price of matchbox which is a household thing in the country is set to double from December 1 from Re 1 to Rs 2, according to media reports.
The revision is taking place after 14 years due to increase in the cost of raw materials, said reports.
Representatives of five major matchbox industry bodies met at Sivakasi and decided to increase the MRP of a matchbox, TOI reported.
In 2007 the price was revised from 50 paise to Re 1.
Secretary of the National Small Matchbox Manufacturers’ Association VS Sethurathinam told TOI that manufacturers are selling a bundle of 600 matchboxes for Rs 270 to Rs 300. “We have decided to increase the selling price from our units by 60% to Rs 430-480 per bundle. This is excluding 12% GST and cost of transportation,” he said.
