As per reports, it has been revealed that excise tax has been increased by the Irish Government on a 75cl bottle of wine. The hike is of _1, said experts. The decision which was welcomed by health groups was criticized by the industry and shop keepers.

As soon as the decision was announced by the Finance Minister Michael Noonan, people were found to be rushing to the shops before the price gets increased. Experts said that it is the steepest rise which they have seen in comparison to the tax that is being levied on alcohol and cigarettes.

Restaurant owners were found to be saying that the decision will prove risky, as it will prove negative for jobs. While Noonan initiated his discussion on things that will witness rise in price, he was found saying that he is not going to raise excise duty on petrol or diesel. But, he is going raise the excise duty on some other things.

It was then that he announced that he is going to raise excise duty on a pint of beer and cider. He also informed that he is going to levy a rise on alcohol products and as well as on cigarette and rolling packs of 20 and 50 pieces.