The Excise department had made a proposal with the Telangana government to hike Liquor prices up to 30 per cent.But Telangana CM K. Chandrasekhar Rao is likely to approve a 20 per cent hike.
The official announcement to be made after the conclusion of the ongoing Budget Session on March 27. The government is expected to earn an additional Rs 15,000 crore with the 20 per cent price hike.
The price hike was due last year as the price revision committee reviews liquor prices once in three years.
The committee constituted in the undivided state had recommended a 20 to 30 per cent price hike last year.
However, the proposal was kept on hold due to bifurcation of the state and subsequent political developments.
Later, the committee submitted separate reports for Telangana and Andhra Pradesh.
In 2005-06, liquor prices were hiked by 15 per cent and by another 15 per cent in 2009-10.