New data shows beer savings are unlikely

Beer drinkers should not expect more savings from the lower alcohol duties, with the release of recent data showing a slight decline in savings from the expected maximum, an industry source said.

The data shows there was an average 27 HK cents saving in February and 28 HK cents last month, the source said. In March, the average savings rose to 33 HK cents, which might be explained by higher imports of more expensive brands following the government's announced halving of the 40 per cent beer tax in late February.

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