Nigerian Breweries Plc has announced yet another increment in the price of its products after the last increase in February.
Recall that the company issued a new price review notification to all its customers in the West Zone last month.
In February, its price hike was premised on rising production costs and the need to insulate the company against them.
According to the report, it was the third upward price review in a year.
In a letter dated Monday, February 12, 2024, the price review, effective Monday, February 19, 2024, is deemed necessary to offset the impact of increased production expenses.
Meanwhile, on Monday, another press statement dated March 8, 2024, was sent to customers around the West zone and signed by its zonal business manager, Lekan Awosanya, announcing a new price increase.
Per the notice, the latest price review is premised on the need to mitigate the impact of rising input costs.
The statement read, “As earlier informed, we will review the prices of some of our SKUs effective Friday, March 15, 2024. This review has become necessary because of the continued rising input costs and the need to mitigate the impact.
“All open orders in our system at 00.00 hours on Friday, March 15, 2024, will be invoiced at the new prices.”
The company, however, appreciated its customers for their commitment and great partnership while assuring dealers of continued support for sales and distribution.