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Bottled Water Prices in India Rise Amid Iran Crisis, Undoing PM Modi's Tax Relief
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Iran Crisis Drives Up Bottled Water Prices in India, Erasing Modi Tax Cut Gains
M
Moneycontrol
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19-03-2026, 15:28
Iran Crisis Drives Up Bottled Water Prices in India, Erasing Modi Tax Cut Gains
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The Iran crisis has made bottled water in India 11% more expensive due to surging plastic bottle and cap prices.
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This price hike negates the benefit of a lower water tax rate announced by PM Narendra Modi a few months ago.
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Rising oil prices, triggered by the Iran war, have increased polymer costs, a key material for plastic bottles.
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Bisleri, India's largest player, and Parle Agro's Bailley brand have both increased prices by around 11%.
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Packaging material costs have surged over 70% in the last fortnight, making price revisions unavoidable for companies.
Read Full Article on Moneycontrol in English
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