Philip Morris USA raised the price of their Top selling Marlboro and other brands, said company representative on Monday.
The unit of Altria Group Inc is to increase the prices it charges wholesalers for Marlboro, Basic and LM cigarettes 6 cents a pack and the rest of their brands by 8 cents, Altria Representative William Phelps said.
Average price for a pack of Marlboro was $ 5.29 in the third quarter.
The new prices will take effect on Wednesday, he said.
Phelps declined to comment on the reasons for growth, but under the law passed in June that gives the Food and Drug Administration regulatory authority over tobacco companies, these companies will have to pay new fees to the Agency.
Altria shares rose 16 cents, or nearly 0.9 percent, to $ 18.09 in trading Monday morning.
Stocks rival Lorillard Inc fell 5.6 percent after the company posted profit that missed analysts' estimates as spending more money on promotions to increase sales of cigarettes.
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