MANILA, Philippines—Cigarette maker Philip Morris Fortune Tobacco Corp. (PMFTC) on Friday appealed to its distributors and retailers to sell its products at pre-sin tax recommended retail prices, saying it has not yet raised the prices of its cigarette products. PMFTC's cigarette brands are among the most popular among smokers, including Marlboro and Philip Morris. Cigarette vendors told the Inquirer that many retailers raised the prices of cigarettes even before Christmas, although the higher sin taxes took effect only starting Jan. 1 "We wish to clarify that PMFTC has, to date, not raised the prices of its cigarette products," the comp...
Keep on reading: Philip Morris: No price hike yet
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