Altria Increases Cigarette Prices

Brands including Marlboro, Basic, Virginia Slims to go up 14 cents per pack
Photograph: Shutterstock

RICHMOND, Va. —Altria Group Inc. is raising prices on its cigarettes by 14 cents per pack.

Brands with raised list prices include Marlboro, Basic, Benson & Hedges, Benson & Hedges Menthol Green, Chesterfield, L&M, Merit, Nat’s, Parliament and Virginia Slims, according to a research note from Nik Modi, managing director of RBC Capital Markets, New York.

“It's worth noting that this increase comes just 84 days after [Altria’s] last increase (13 cents per pack) on Nov. 1, which is a bit sooner than we would have expected based on historical intervals,” Modi said.

Altria’s increase follows R.J. Reynold’s, Winston-Salem, N.C., 13-cent-per-pack increase on Dec. 28, Modi said. The price change will take effect Jan. 24. 

Altria, Richmond, Va., is one of the country’s largest tobacco producers. Its companies include Philip Morris USA, U.S. Smokeless Tobacco Co., John Middleton, Ste. Michelle Wine Estates and Philip Morris Capital Corp.

Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.


Exclusive Content

Company News

'Be A Goldfish'

How a streaming comedy set the tone for RaceTrac President Natalie Morhous


City Debates Bottled-Water, Single-Use Plastic Ban

Council sends bill back to staff for further review


Leading the Charge

Ethanol and EVs stand at the head of the pack of alternative-fuel retail strategies


More from our partners